The Directors of AXP Energy Limited present their report, together with the financial statements of the Group, being the Company and its controlled entities, for the half-year ended 31 December 2023.
Archives for March 2024
Completion of Asset Sale
AXP Energy Limited is pleased to confirm that the asset sale agreement to sell its non-Colorado oil and gas assets, including projects in Tennessee, Eastern Kentucky, Virginia, and the Illinois Basin, to Mountain V Oil & Gas, Inc.
Correction: Completion of Asset Sale
AXP Energy Limited advises that in its announcement earlier on this 12 March 2024, the Company erroneously stated the total consideration for the asset sale to be US4,000,000, plus oil in tank inventory as at 30 September 2024 in cash (subject to closing adjustments), whereas the total consideration is US $4,000,000, plus oil in tank inventory as at 30 September 2023 in cash and subject to closing adjustments.