AXP's Principal Activity is the accumulation and operation of mineral prospective areas and the exploration for oil and gas in the United States of America.
|Bid / Ask||-|
|Volume (4w avg)|
|vs Sector (1yr)||+107.74%|
|vs ASX 200 (1yr)||+109.41%|
|ASX Rank||1,521 of 2,306|
|Sector Rank||95 of 167|
AXP Energy Limited (AXP, formerly Fremont Petroleum Corporation Limited) is an oil & gas production and development company with operations in Colorado, Illinois, Kentucky, Tennessee and Virginia. AXP's focus is to grow daily production by improving current asset performance and opportunistically acquiring onshore USA oil & gas assets with the following characteristics: producing conventional oil & gas wells; production that can be enhanced through low-cost field operations and workovers; leases which are held by production and which do not require ongoing drilling commitments; and economies of scale which can be achieved by acquiring and carrying out similar enhancement strategies on contiguous or nearby fields with similar characteristics.
Incorporated Incorporated on 11 May 2005 in South Australia.
DPS and Yield calculations use the Pay Date.
|No dividends paid.|
See Upcoming Dividends for all ASX companies.
|Mr Simon William Johnson||Non-Executive Chairman,Non-Executive Director||Apr 2021||
Mr Simon William Johnson
Non-Executive Chairman,Non-Executive Director
Mr Johnson has international oilfield experience having lived and worked in the USA, the Middle East, the Far-East and Europe over the past 25 years, including as a C-suite executive for several large cap NYSE-listed drilling contractors. He also has experience in Board level engagement. Simon has held senior positions at Borr Drilling (NYSE: BDRL), Noble Corporation (NYSE: NE), Seadrill (NYSE: SDRL) with his early career at Diamond Offshore and others.
|Mr Thomas Peter Crown||Non-Executive Director||Dec 2019||
Mr Thomas Peter Crown
Mr Crown has experience over 20 years in investment markets, ranging from private (venture capital, private equity) through to public markets. Peter has experience in developing and expanding businesses, with particular focus on project financing and asset development, in a range of industries.
|Mr Samuel (Sam) McCann Jarvis||Non-Executive Director||Feb 2018||
Mr Samuel (Sam) McCann Jarvis
Mr Jarvis has experience in commercial management and development drilling as well as knowledge of the upstream oil and gas value chain. For the past 15 years, he has held senior Executive roles with leading global oil and gas drilling companies in South-East Asia.
|Mr Timothy Brian Hart||Chief Executive Officer||Jul 2016||
Mr Timothy Brian Hart
Chief Executive Officer
Mr Hart brings management, engineering and technology background to the Oil and Gas Industry and has worked with numerous local vendors to improve their processes and service offerings to accommodate the enhanced technical, safety and environmental requirements of our business. Tim joined Fremont Explorations Management team in 2011 as VP/GM of Fremont's Kentucky Business Unit and responsible for transitioning the Business unit from a gas exploration business into a cash flow positive oil and gas producer. In 2015 Tim was promoted to Fremont's Chief Operating Officer where he was responsible for the performance and development of Fremont's oil and gas portfolio spanning across Colorado, Kentucky, Texas and Mississippi.
|Mr Robert Edward Lees||Company Secretary||Jul 2015|
|Mr Stuart J Middleton||Non-Executive Director||Apr 2015||
Mr Stuart J Middleton
Mr Middleton also has a strong background in strategic planning and financial strategy. he has been engaged as a Specialist Expert for major companies and has prepared, or had input into, many Due Diligence and Valuation reports. A particular strength being acutely tuned to operations, technical and developing the underlying fundamental value of resources with 37 years of hands-on planning, operating / improvement and management experience. Mr Middleton has recently returned to Australia from a 10-year assignment in China as the Group Executive for TDS, Banpu Plc, Asian Energy Company with assignments in China, Mongolia, Indonesia, Australia and Thailand. Mr. Middleton has also worked in the USA, Indonesia and Columbia. During his time in China he was highly involved with oil and gas, in both conventional and unconventional drilling for CBM and oil/gas; he advised both government and a major Asian Energy group relating to Asian American Gas Company, extensive JV vertical and multi-lateral directional wells as well as technology transfer from oil/gas to underground degas directional drilling and degas to mitigate dangerous outburst challenges.
AXP directors must report any change in shareholding to the ASX within 5 business days.
See Director Transactions for all ASX companies.
|18/05/21||Samuel (Sam) Jarvis||Transfer||48,780,488||$0.004||$195,121||Off-market transfer|
|18/05/21||Samuel (Sam) Jarvis||Buy||+30,000,000||$0.004||$120,000||Off-market trade|
|04/05/21||Thomas Crown||Sell||+5,000,000||$0.005||($25,000)||As advised by the company|
|03/05/21||Thomas Crown||Sell||+5,000,000||$0.005||($25,000)||As advised by the company|
|29/04/21||Thomas Crown||Sell||+5,000,000||$0.006||($30,000)||As advised by the company|
|28/04/21||Thomas Crown||Sell||+5,000,000||$0.006||($27,500)||As advised by the company|
|31/03/21||Thomas Crown||Sell||+15,000,000||$0.004||($62,500)||As advised by the company|
|24/03/21||Thomas Crown||Sell||+10,000,000||$0.003||($30,000)||As advised by the company|
|02/02/21||Thomas Crown||Sell||+30,000,000||$0.003||($91,500)||As advised by the company|
|20/10/20||Thomas Crown||Sell||+8,780,488||$0.003||($25,341)||As advised by the company|
|30/09/20||Thomas Crown||Sell||+10,000,000||$0.003||($30,000)||As advised by the company|
The current holdings of AXP directors.
|Director||Last Notice||Direct Shares||Indirect Shares||Options||Convertibles|
|Samuel (Sam) Jarvis||18/05/2021||48,780,488||187,806,855||1,071,429||N/A|
A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.
Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.
|Name||Last Notice||Total Shares||Shares Held (%)|
|Margaret Lynette Harvey||28/09/2020||333,333,333||8.49|
12 month transaction history compiled from ASX announcements.
|Date||Name||Bought||Previous %||New %|
|21-12-20||Regal Funds Management Pty Ltd||41,445,221||17.22||15.65|
|28-09-20||Margaret Lynette Harvey||83,333,333||11.99||8.49|
12 month transaction history compiled from ASX announcements.
|Date||Name||Sold||Previous %||New %|
|09-04-21||Regal Funds Management Pty Ltd||241,022,779||5.15||--|
|07-04-21||Regal Funds Management Pty Ltd||127,692,360||7.88||5.15|
|01-04-21||Regal Funds Management Pty Ltd||103,396,351||10.09||7.88|
|23-03-21||Regal Funds Management Pty Ltd||259,427,456||15.65||10.09|
|05-03-21||Jetan Pty Limited||338,594,958||7.24||--|
|19-02-21||Jetan Pty Limited||69,615,487||8.73||7.24|
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