Past year: ▼ 69%(0.40c – 1.80c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Oct 2025security holder rights change● Neutral
Shareholders approved the 25-to-1 share consolidation on 8 October 2025, cutting about 8.36bn shares to 334,234,034. The 45M options become 1.8M at A$0.075. New holdings are issued by 20 October. This resolves the pending approval.
1 Oct 2025drilling result▲ Good
Wireline logs on Charlie #1 confirm hydrocarbons in several zones, including 260 ft of shows in the Mississippi Lime, and 5.5-inch casing is set. Fracturing is planned for the week of 20 October, with production targeted by end-October. Commerciality is still unproven.
30 Sept 2025other● Neutral
Appendix 4G confirming the corporate governance statement is current at 30 September 2025 and approved by the board. It is a compliance form only, with no operational or financial information.
30 Sept 2025annual report● Neutral
AXP's 2025 annual report says its sole focus after exiting Kentucky is gas-to-power bitcoin mining, and that it has now moved to Oklahoma with 1,400 acres in Kay County. Dan Lanskey became CEO and James Dack joined the board during the year.
30 Sept 2025resource reserve update▼ BadMajor
At 1 July 2025, proved reserves (1P) rose 19% to 76 Mboe, from gas booked at Pathfinder 2 and JW Powell. Contingent resources (2C) fell 66% to 69.5 MMboe, as AXP chose not to extend a Colorado sub-lease.
24 Sept 2025drilling result▲ GoodMajor
Charlie #1 reached 4,725 feet with oil and gas shows over about 290 feet of Mississippi Lime and Chat, plus Woodford Shale and Wilcox Sands. Wireline logs and completion decisions are pending, so commerciality is not yet established.
22 Sept 2025drilling progress report▲ Good
Charlie #1 recorded live oil and gas shows in the Oswego Lime (3,776-3,806 ft) and Mississippi Chat (4,293-4,317 ft) while drilling toward 4,720 feet. Shows are encouraging but unconfirmed; logging and testing are still needed to show whether the well is commercial.
19 Sept 2025security holder rights change● NeutralMajor
AXP will consolidate its shares 25-to-1, cutting about 8.36bn shares to about 334M, subject to shareholder approval on 8 October 2025. The 45M options become 1.8M with exercise price rising from A$0.003 to A$0.075. Mechanical; value per share scales up.
18 Sept 2025drilling spud▲ GoodMajor
Charlie #1, AXP's first Oklahoma well, spudded on 17 September 2025, with surface casing set at 260 feet. It targets 4,720 feet in 7-10 days across stacked Mississippian and Pennsylvanian zones. AXP holds 100% working interest and 81.25% net revenue interest.
11 Sept 2025drilling scheduled▲ Good
Site work has begun on Charlie #1, the first of two Oklahoma vertical wells, planned to 4,700 feet. AXP holds 100% working interest and 81.25% net revenue interest in the Edwards Lease. It is funded from the A$2.7M placement.
27 Aug 2025admin correction● Neutral
AXP re-lodged its 14 August presentation because slides 5 and 10 lacked supporting information required by ASX Chapter 5 for the resource estimates shown. The missing information is now in appendices; no new results.
14 Aug 2025investor presentation● Neutral
August 2025 corporate presentation restating the gas-to-power bitcoin strategy, the BitFuFu support, the 25MW by December 2025 target and the board. It shows 6.57bn shares on issue. Largely repeats known facts.
12 Aug 2025asset acquisition disposition▲ GoodMajor
AXP secured two leases covering 1,400 acres in Kay County, Oklahoma, with 30+ vertical well locations, targeting 6,400 acres. The board will focus on scaling up in Oklahoma, citing faster, cheaper permitting than Colorado; two wells are planned within 60-90 days.
11 Aug 2025capital raising announcement● NeutralMajor
AXP has firm commitments for a A$2.7M placement of 2.7bn shares at A$0.001 (nil discount to 15-day VWAP), with 1-for-3 free options at A$0.002. Funds go to Oklahoma leases, two vertical wells and bitcoin gas-to-power. Tranche 2 needs shareholder approval.
What it means for a shareholder
2.70bn new shares at A$0.001 to raise about A$2.7m. That's 29% dilution: every existing holder's slice gets 29% smaller. If you held A$1,000 of shares (1,000,000 at the issue price), your slice goes from 0.015% to 0.0107% of the company. To keep it you'd need 403,909 more shares - about A$404 at the issue price.
Create a free account to see this worked out for your own holding.
31 July 2025quarterly activities report▲ Good
June quarter revenue rose 42% to US$191,719 and gross oil output rose 15% to 2,791 barrels. Cash rose to US$424,752 with no debt, helped by tax and escrow refunds. Colorado permitting delays of 6-12 months have prompted a review of other states.
23 July 2025admin correction● Neutral
AXP moves its Australian corporate and registered office to Level 7, 60 Pitt Street, Sydney, effective immediately. Administrative notice only; no operational or financial information.
5 June 2025production update● NeutralMajor
Pathfinder #1 is on pump and producing from the Greenhorn Formation, a first for the Florence leases, with 60 barrels of oil in 7 days. Colorado permits take 9-12 months, so AXP is reviewing other US states for faster sites, a shift from the earlier Colorado-only expansion plan.
30 Apr 2025quarterly activities report● Neutral
March quarter revenue was US$134,716 and oil output fell 10% to 2,430 barrels on winter weather; first gas sales (13,313 mcf) came from the power trial. Cash rose to US$230,811 after the placement, with no debt. A US$300,000 IRS refund was approved.
26 Mar 2025production update▲ Good
AXP is setting up a second gas-to-power site at the JW Powell shut-in gas well, with permits submitted and two more Gentech generators (1.75MW) due in about two weeks. Operation is expected by end of May or early June, with BitFuFu supplying miners.
24 Mar 2025director officer appointment● Neutral
James Dack joins as non-executive director from 24 March 2025. He is a founding partner of a large Australian residential real estate firm and a private investor who says he is already an AXP shareholder.
18 Mar 2025material agreement▲ GoodMajor
The 14-day gas-to-power trial delivered about 1.5MW at roughly 85% uptime, above 90% since. NASDAQ-listed bitcoin miner BitFuFu will supply miners for the next phase, with AXP aiming for 25MW by end of 2025, starting with a 5MW first-site expansion.
12 Mar 2025half year report▼ Bad
Half-year to 31 Dec 2024 loss was US$952,996 (prior year US$2,177,832). Sales revenue fell 17% to US$261,269 on lower oil prices and volumes. Net assets fell 16% to US$5.09m. Post-period, a placement of about 750M shares at A$0.0015 raised A$1.125M.
28 Feb 2025director officer appointment● Neutral
Non-executive director Robert Lees resigns from the board with immediate effect, saying he filled the seat while a director search ran, now concluded with Lanskey's appointment. He stays on as Company Secretary.
25 Feb 2025director officer appointment● NeutralMajor
Non-executive director Dan Lanskey becomes Managing Director and CEO from 1 March 2025, replacing Tim Hart, who steps down and will be available as a consultant. Lanskey targets 25MW of gas-fired power by end of 2025 and more oil production.
13 Feb 2025production update▲ Good
Pathfinder #2 is producing 20 barrels of oil a day and 280 mcf/day of gas over its first 7 days, taking field output to about 50 barrels a day. Pathfinder #1 (Greenhorn, 75 barrels in earlier flowback) is to be put on pump in coming weeks; bitcoin uptime is described as pleasing.
6 Feb 2025production update▲ GoodMajor
Following Colorado permits, the first two modular data centres are online at Pathfinder #2, running 515 Antminers. Two generators produce 1.2MW from the well's gas, and the well is producing Niobrara oil for the first time on gas flow. A 14-day reliability trial is under way.
4 Feb 2025capital raising announcement● NeutralMajor
AXP received firm commitments to raise A$1.25M through a two-tranche placement of about 833.3 million shares at A$0.0015, a 9.2% premium to the 15-day VWAP. Directors committed A$165,000, subject to shareholder approval, and funds go to the data-centre roll-out and working capital. It was the first placement since November 2020.
What it means for a shareholder
833m new shares at A$0.0015 to raise about A$1.3m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (666,667 at the issue price), your slice goes from 0.0114% to 0.01% of the company. To keep it you'd need 95,376 more shares - about A$143 at the issue price.
Create a free account to see this worked out for your own holding.
31 Jan 2025quarterly activities report▼ Bad
December quarter oil output fell 12% to 2,703 barrels; revenue rose 9% to US$136,285. Cash dropped to US$177,704 with no debt. The Pathfinder site has 1.5MW and 545 Antminers ready, with start-up expected by early February pending permitting. Bond refunds (~US$320K) and tax refunds (~US$369K) are still expected.
5 Dec 2024investor presentation● Neutral
Webinar slides restate the gas-to-power strategy: the Blackhart JDA, three planned sites (about 5MW initially) and a 2025 goal of 25MW. They cite 744 Bcf of contingent gas. The first site is described as connected in under 7 months. Largely repeats known facts.
5 Dec 2024director officer appointment▲ GoodMajor
Dan Lanskey was appointed non-executive director effective 5 December 2024. He brings over 20 years of equity capital markets experience and was founder and CEO of Austex Oil, which drilled over 50 wells in Oklahoma and Kansas.
