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AXP Energy ( (AU:AXP) ) has shared an update.
AXP Energy Limited announced the successful drilling of the Charlie #1 Well, reaching a target depth of 4,725 feet with multiple oil and gas shows recorded across several formations. The company plans to conduct detailed logging and evaluate the potential for further development, indicating a promising outlook for future drilling operations on its 1,000-acre lease. This development could enhance AXP’s operational capabilities and market positioning in the region.
More about AXP Energy
AXP Energy Limited is a company operating in the oil and gas industry, focusing on exploration and production activities. The company holds significant interests in various leases, including the Edward Lease in Oklahoma, where it is actively involved in drilling operations.
Current Market Cap: A$8.36M
Find detailed analytics on AXP stock on TipRanks’ Stock Analysis page.