Australia's AXP Energy soars on first Oklahoma gas-to-power project launch

AXP Energy

18/08/2026 06:41

** Shares of AXP Energy AXP.AX rise as much as 50.1% to A$0.006, marking their biggest intraday pct gain since in about 10 months
** Shares hit their highest level since Aug. 4
** Oil and gas producer says its first Oklahoma gas-to-power project is scheduled to be installed at its Edwards Lease project in Oklahoma this month
** Adds project will use natural gas from its Charlie #1 well to fuel a 320 kiloWatt generator
** More than 10 million shares change hands, about 32.2x the 30-day average 
** Stock last up 12.5%, bringing YTD losses to ~72%, including session's moves 

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))