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AXP Energy Limited (AUNXF) reported significant growth in its quarterly activities for the period ending June 30, 2022. The company achieved a net revenue of $7.51 million, a 51.4% increase from the previous quarter, and positive operating cash flow of $1.61 million, compared to $186K in the prior quarter. With a cash reserve of $3.39 million and minimal debt, AXP aims to enhance production through recompletions and workovers. However, natural gas production continues to decline due to midstream reliability issues, despite a notable 19.4% increase in oil production.
