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AXP Energy ( (AU:AXP) ) has shared an announcement.
AXP Energy Limited has commenced drilling operations for its Charlie #1 Well in Oklahoma, marking the start of its plan to expand oil and gas production in the region. The well targets multiple stacked pay zones and is part of a broader strategy to scale operations, supported by a recent capital raising. The company aims to leverage Oklahoma’s favorable regulatory environment and existing infrastructure to enhance its gas-to-power operations, including partnerships in Bitcoin mining.
More about AXP Energy
AXP Energy Limited is an oil and gas production and development company with core operations in Colorado and Oklahoma. The company focuses on repurposing stranded gas for power generation, targeting high-performance computing sectors such as AI and Bitcoin mining. AXP Energy operates 24 oil and gas wells at its Pathfinder Field and is pursuing additional oil production opportunities in Oklahoma.
Current Market Cap: A$8.36M
See more data about AXP stock on TipRanks’ Stock Analysis page.