Colorado – Florence Oil Field

100% WI 75 % NRI 3900 acres

AXP Energy is currently focused in developing the Florence oil field where it has approximately 3900 acres held by production

Historically developed as an oil field focusing on shallow formations, the deeper formations hold significant oil and gas reserves. 

Oil production on the leases is currently from three (3) stacked formations being the Pierre Shale, Niobrara Shale and the GreenHorn Limestone.

During February 2025, the Company completed a successful Gas To Power trial under a Joint Venture Agreement with USA-based, Blackhart Technologies Inc.  During the trial, gas powered generators were used to operate 530 ASIC miners connected to the internet using Starlink.  The trial demonstrated the business model allowing recommencement of oil production and further revenue from the Gas to Power agreement with Blackhart.