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AXP Energy ( (AU:AXP) ) has shared an announcement.
AXP Energy Limited has commenced drilling operations for the Charlie #1 Vertical Well in Noble County, Oklahoma, with the drilling expected to reach a total vertical depth of 4,720 feet. The well targets multiple stacked pay zones within the Mississippian and Pennsylvanian formations, and AXP Energy holds a 100% working interest and an 81.25% net revenue interest in the project. This development is anticipated to enhance the company’s operational capabilities and potentially increase its market positioning in the energy sector.
More about AXP Energy
AXP Energy Limited is a company operating in the energy sector, focusing on the exploration and production of oil and gas. The company is involved in drilling operations and holds significant working and revenue interests in its projects, particularly in regions like Oklahoma.
Current Market Cap: A$8.36M
For a thorough assessment of AXP stock, go to TipRanks’ Stock Analysis page.