AXP Energy

Correction: Completion of Asset Sale

March 12, 2024

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.

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