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AXP Energy ( (AU:AXP) ) just unveiled an update.
AXP Energy Limited announced a significant update to its reserves and contingent resources as of July 1, 2025. The company reported a 44% decrease in Proved Developed Producing reserves due to lower oil prices and higher costs, but total Proved Reserves increased by 19% due to additions in the Proved Developed Non-Producing category. Conversely, there was a 66% decrease in Contingent Resources as AXP decided not to extend a sub-lease in Colorado, opting to explore opportunities in Oklahoma instead. This strategic shift could impact the company’s future asset development and market positioning.
More about AXP Energy
AXP Energy Limited operates in the energy sector, focusing primarily on the exploration and production of oil and gas resources. The company is engaged in the development of reserves and contingent resources, with a market focus on expanding its asset base in regions like Oklahoma.
Current Market Cap: A$8.36M
See more data about AXP stock on TipRanks’ Stock Analysis page.