AXP Energy to Host Shareholder Webinar on Syrian Block 9 Farm-In and Oklahoma Operations Update

AXP Energy’s Strategic Expansion into Syria via Block 9 Farm-In

Expanding beyond its established North American assets, AXP Energy has entered the prolific Palmyride Basin in onshore Syria through the farm-in agreement announced on 15 June 2026. The company secured rights to a 25% participating interest in Block 9, a vast exploration and development area spanning 10,039 square kilometres. Simpora Latakia Limited operates the block and retains a 75% stake, positioning AXP as a minority partner in what management views as a high-impact opportunity with limited capital exposure.

This entry is supported by a thorough evaluation of geological and commercial fundamentals. Block 9 lies within the Palmyride Basin, described by the company as a prolific hydrocarbon region with proven systems and significant remaining prospectivity. Management also noted an improving commercial environment, highlighted by renewed engagement from major exploration and production companies in Syria. This positive shift underscores the strategic timing of the farm-in, enabling AXP to participate in a significant exploration and development program without assuming full operatorship responsibilities.

Operational Update on Charlie #1 Well at Oklahoma’s Edwards Lease

AXP Energy continues production and development activities in Oklahoma through its wholly owned Edwards Lease, where the Charlie #1 well remains a key operational asset. The upcoming webinar will provide investors with a detailed update on this well’s status and performance. As a 100%-owned asset, the Edwards Lease delivers direct production revenue and operational control, contrasting with AXP’s minority stake approach in Syria.

The Charlie #1 update will likely include operational metrics, reservoir performance, maintenance activities, and any recent drilling or completion plans. Providing this focused update demonstrates management’s commitment to transparency on mature producing assets and reaffirms Oklahoma’s importance alongside the newer Syrian expansion.

Comprehensive Field Development Strategy and Portfolio Management

CEO Dan Lanskey will also outline AXP Energy’s broader field development strategy during the webinar. This presentation will explain how the company balances production from mature North American assets with exploration upside in the Palmyride Basin. The discussion will likely cover capital allocation, drilling programs, and long-term production growth targets across the portfolio.

By managing operations across Colorado, Oklahoma, and Syria, AXP Energy positions itself as a diversified upstream energy company. The field development strategy will address well spacing, production acceleration, infrastructure investment, and drilling sequencing, helping investors understand how the company navigates diverse geological, regulatory, and commercial environments.

Engaging Shareholders via Live Webinar and Interactive Q&A

The shareholder briefing will be hosted live on Zoom at 11:00 am Sydney Time on 23 July 2026. This format offers flexibility for shareholders in different time zones, especially given AXP’s listings on the ASX and US OTC market (ticker AUNXF). The timing aligns with Australian business hours and is accessible to US investors during evening hours on 22 July.

Shareholders can submit questions in advance via email to [email protected] or ask questions live during the webinar’s Q&A session. Advance registration is required through a Zoom link provided in the announcement. This two-tiered question process enables management to prepare thorough answers to pre-submitted inquiries while maintaining interactive engagement. The emphasis on Q&A highlights shareholder interest in topics such as the Syrian farm-in, capital requirements, and operational timelines.

Leadership and Investor Relations Contacts

Dan Lanskey, Managing Director and CEO, will personally deliver the presentation, underscoring the importance of the farm-in and field development strategy. Investors seeking further information can contact Lanskey directly at +61 (0)451 558 018.

AXP Energy has engaged Six Degrees Investor Relations to manage shareholder communications. Ben Jarvis serves as the primary contact and can be reached at +61 (0)413 150 448 or [email protected]. This arrangement supports effective communication of material strategic developments and ongoing investor relations. For webinar registration assistance or logistical inquiries, investors should contact the investor relations team.

Briefing Timing and Context Following June Farm-In Announcement

The 23 July 2026 webinar is scheduled approximately five weeks after the 15 June 2026 Syrian farm-in announcement. This interval has allowed AXP Energy to advance discussions with Simpora Latakia Limited, refine operational plans, and compile comprehensive information for shareholders. Holding the briefing soon after the initial announcement demonstrates management’s confidence in the transaction and their intent to provide detailed updates before further operational developments.

In the ASX environment, follow-up communications after material transactions are expected to address investor questions, provide technical and financial details, and clarify strategic intent. The webinar format enables AXP Energy to fulfill these expectations through a formal, recorded session accessible to shareholders unable to attend live, creating a lasting record of management’s perspective on the Syrian opportunity and field development plans.

North American Operations as Foundation and Geographic Diversification

Before expanding into Syria, AXP Energy established a production and development presence in Colorado and Oklahoma. These North American assets represent the company’s legacy upstream operations, with the Edwards Lease in Oklahoma exemplifying producing properties that generate operational cash flow and revenue. Operating within the US regulatory framework, AXP benefits from mature infrastructure, commercial practices, and service sectors.

The addition of Syrian Block 9 diversifies AXP’s geographic footprint beyond conventional US onshore regions. The Palmyride Basin offers distinct geological features and hydrocarbon potential compared to Colorado and Oklahoma plays. This diversification strategy presents upside through exposure to a prolific new basin with lower exploration costs, while also introducing complexity from operating in a less conventional jurisdiction. The webinar is expected to address how AXP plans to manage this geographic expansion while maintaining focus on North American assets.

Sector Context: Palmyride Basin’s Hydrocarbon Potential and Industry Re-Engagement

AXP Energy’s pursuit of the Block 9 farm-in is supported by management’s assessment of improving industry sentiment toward Syrian hydrocarbon exploration. The company notes renewed engagement by major exploration and production firms in Syria, indicating a shift in commercial and regulatory perceptions. The Palmyride Basin is characterized as prolific, with a documented history of hydrocarbon discoveries and production in nearby blocks, supporting the prospectivity of Block 9.

Prolific basins typically feature multiple discovered fields, well-understood geological frameworks, and established hydrocarbon kitchens generating accumulations. The presence of proven systems in the Palmyride Basin suggests Block 9 is situated in a de-risked regional setting. The re-engagement by international operators reflects improved security, regulatory clarity, or commercial conditions. This industry-level shift validates AXP’s decision to pursue a minority farm-in position in the region.

Risk Management and Portfolio Diversification via Farm-In Structure

The farm-in arrangement, granting AXP a 25% interest while Simpora Latakia Limited retains operatorship and 75%, exemplifies a common risk management strategy in international exploration. By holding a minority position, AXP conserves capital for North American operations while gaining exposure to Block 9. Operatorship entails greater financial responsibility and operational control, which AXP has delegated to Simpora Latakia Limited.

This structure allows AXP to participate in exploration and appraisal without full operational burden. Simpora manages day-to-day activities and regulatory engagement, while AXP contributes capital as it earns its interest. Such arrangements reduce early-stage risk while preserving upside. The 23 July Q&A is expected to address investor inquiries about the earn-in process, capital commitments, and conditions for maintaining the 25% interest through Block 9’s development phases.

Post-Briefing Investor Considerations

After the 23 July 2026 webinar, investors should monitor key developments including updates to AXP Energy’s capital expenditure guidance, especially related to Block 9 exploration and appraisal costs. They should also track production performance and development plans for the Charlie #1 well and Edwards Lease in Oklahoma. Additionally, announcements on the timing of Block 9 work programs—such as seismic surveys, drilling, or exploration activities—will indicate progress in realising value from the Syrian asset.

Investors should also follow regulatory filings and updates from Simpora Latakia Limited, the operator, for further insights on Block 9 operations. Changes in Syria’s geopolitical or commercial environment could significantly affect the Block 9 program’s trajectory. AXP Energy’s periodic reports will provide ongoing updates on operational and financial progress, enabling investors to assess execution against the strategy outlined in the shareholder briefing.