AXP Energy Limited is pleased to provide this update to shareholders on progress in the current quarter.

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AXP Energy Limited provides this summary of activities for the quarter ended 31 March 2022.

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AXP Energy Limited is pleased to confirm that site works are advancing at the first in-situ power generation operation which will use stranded natural gas from AXP’s Colorado leases for use in US-based Elite Mining Inc’s cryptocurrency mining operations.

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2022 Half-Year Report

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AXP Energy Limited is pleased to provide this update on its various field development activities aimed at increasing oil production.

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AXP Energy Limited is pleased to report that it has received the necessary permits from the Colorado Oil & Gas Conservation Commission and the Colorado Department of Public Health and Environment for AXP and US-based Elite Mining Inc to jointly deliver in-situ power generation using stranded natural gas from AXP’s Colorado leases, for use in EMI’s cryptocurrency mining operations.

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This presentation and any materials provided to the reader have been prepared by AXP Energy Limited and contain general information about AXP’s activities.

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AXP Energy Limited is pleased to confirm field development and well completion operations have commenced with work underway on the completion of the first of two Illinois Basin oil wells.

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AXP Energy Limited will host an investor webinar at 12:00 PM AEDT on Thursday 3 February 2022.

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In accordance with Listing Rule 3.13.2 ands Section 251 AA of the Corporations Act 2001, AXP Energy Limited advises the poll results of its 2021 Annual General Meeting held earlier today.

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