AXP Energy Advances Pathfinder Field Operations

AXP Energy Limited (AU:AXP) has released an update.

AXP Energy Limited has initiated a commercialisation program for its Pathfinder Field in Colorado, focusing on sustainable oil production, gas-to-electricity conversion, and sales of Natural Gas Liquids. The company has installed a 750kW gas-fired generator, sourced from Gen-Tech, to power operations and assess the feasibility of larger scale power generation, with the intent to create a commercially viable operation. AXP maintains full interest in the Denver-Julesburg Basin assets and is actively pursuing sales channels for the generated electricity and oil production.

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