AXP Energy updated its Colorado operations, mainly focusing on the Pathfinder field. After divesting non-Colorado assets, AXP is intensifying efforts to boost performance in Colorado.

With a 100% stake in the Pathfinder field in the Denver-Julesburg Basin, the company targets the Greenhorn formation for production enhancement.

Despite financial constraints, AXP worked on improving Pathfinder's performance and plans to utilise associated gas for electricity generation to increase oil output.

Expected expenses for upcoming activities, including testing and completion, are around $1.5 million over the next year, with anticipated revenue growth after that.