Successful completion of 14-day gas-to-power trial at Pathfinder production hub delivers ~1.5 MW/hour of electricity to power two bitcoin mining containers; The 14-day trial delivered ~85% system uptime and, since the end of the trial, the system has achieved greater than 90% uptime; AXP has secured the support of NASDAQ-listed Bitcoin miner BitFuFu, Inc. for the next phase of expansion at Pathfinder; BitFuFu will supply [...]
AXP Energy Ltd. , is pleased to confirm the appointment of Mr Dan Lanskey as Managing Director and Chief Executive Officer of the Company, effective 1 March 2025. It follows his appointment as a Non-Executive Director on 5 December 2024. Since his appointment, Dan has been actively involved in the development of the gas-to-power project in Colorado under a Joint Development Agreement with Blackhart Technologies. Dan's [...]
Gas to power operations enable increased oil production at Pathfinder #2 well: 20 BOPD and 280 mcf/day of gas over first 7 days Takes total field production to ~50 BOPD with further upside anticipated Amerigo Vespucci well flowing gas to generators, enabling reservoir equalisation: First ever oil production expected this week when well goes on pump Pathfinder #1 well to be completed for oil and gas production in coming [...]
HIGHLIGHTS First two modular data centres hosting a total of 515 Bitmain S19J Pro Antminers mining bitcoin are now operational and connected via Starlink. AXP is supporting Blackhart Technologies bitcoin mining operations with co-located gas-to-power generation and on-site technical support; AXP's two gas-fired Gentec generators are producing 1.2MW of electricity from natural gas sourced from the Pathfinder #2 well. As a [...]
AXP Energy Ltd. , confirms that it will hold a shareholder briefing at 10:30 am AEDT on Thursday, 5 December 2024 . CEO Tim Hart and Chairman Sam Jarvis will provide an update on the progress of the gas-to-power operations underway at the Company's 100%-owned Pathfinder Field in Colorado as well as progress on other field development activity to enhance oil & has production. The briefing will be followed by a Q&A session [...]
HIGHLIGHTS First two modular data centres operated under the Joint Development Agreement with Blackhart Technologies are now being populated with first 589 Bitmain S19J Pro Antminers used for Bitcoin mining ; The first two MDCs are expected to be fully populated with miners over the weekend and connected to Gentech gas fired generators; AXP's focus is to deliver performance reliability from gas-to-power generation to [...]
In accordance with Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 , AXP Energy Ltd. advises the poll results of its 2024 Annual General Meeting held earlier today. Resolution 1 - Remuneration Report This non-binding resolution was carried on a poll with 97.98% votes being cast for the resolution. Resolution 2 - Election of Director - Robert Lees This resolution was carried on a poll with 99.19% votes [...]
HIGHLIGHTS First two modular centres delivered to AXP's site with interconnection to gas-fired generators scheduled to commence this weekend; The modular data centres operated by Blackhart Technologies will host589 Bitmain S19J Pro Antminers used for Bitcoin mining ; AXP will focus on its core operations and earn revenue from gas-to-power supply infrastructure maintenance and power uptime bonuses to support Blackhart's [...]
HIGHLIGHTS Binding Joint Development Agreement signed with US-headquartered Blackhart Technologies Limited, for the sale of gas-to-power to be utilised in data centre operations at the 100%-owned Pathfinder Field in Colorado utilising AXP's natural gas. Blackhart Technologies has successfully supported the development of several projects converting stranded natural gas into electricity to power data centres at sites [...]
AXP Energy Ltd. , is pleased to confirm that natural gas sales from its Colorado lease operations have now commenced. The natural gas is being used for the in-situ power generation of the Elite Mining Units installed by US-based Elite Mining Inc - refer images overleaf. The gas sales agreement between AXP and Elite provides for the delivery of natural gas sourced from AXP's Pathfinder #2 well to Elite which is now [...]
AXP Energy Ltd. , is pleased to provide an updated estimate of its Reserves and Contingent Resources as at 1 July 2022 . The Reserves and Contingent Resources below are net to AXP and its subsidiaries. The Company last reported on its R&R estimate for evaluation date 1 October 2021 in an announcement dated 26 November 2021. Refer to Appendix 1 for a glossary of terms, the conversion rates used for gas and NGLs to oil [...]
AXP Energy Ltd. , provides this summary of activities for the quarter ended 30 June 2022 . HIGHLIGHTS Quarterly net revenue of $7,513,165, up ~51.4% on previous quarter ; Net customers receipts were $6,595,000, up ~49.8% on the prior quarter ; AXP delivered positive operating cashflow of $1.61M for the quarter - a circa 9-fold increase on last quarter's $186K; Net cash increased by ~$950K with cash and cash equivalents at [...]
+6,95 %
+0,75 %
0,00 %
-6,90 %
