AXP Energy Limited Announces Commencement of Gas Sales in Colorado
gas, this project is a foundation for further monetisation of the Company's Colorado asset. Pathfinder and Amerigo Vespucci were specifically chosen to ensure that sufficient volumes of gas are available for supply and because they are best placed to contribute to increased oil production from the lease. More than 10 barrels of oil per day is already flowing from the Pathfinder well with the first two EMUs in operation and production is expected to continue
to increase as further gas is required once the 3rd EMU commences operations and production stabilizes. AXP looks forward to supporting Elite, as it endeavours to scale up its Colorado operations, by providing increased natural gas volumes to power additional planned EMUs.