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The latest update is out from AXP Energy ( (AU:AXP) ).
AXP Energy Limited has secured 1,400 acres of oil and gas leases in Kay County, Oklahoma, marking a significant expansion in a region known for its established oil and gas production. The leases, which offer over 30 potential vertical well drilling locations, are expected to bolster AXP’s operations by providing a favorable environment for rapid and cost-effective development. The company aims to scale its gas-to-power-bitcoin mining operations alongside traditional oil production, leveraging Oklahoma’s supportive regulatory environment and existing infrastructure. This strategic move is anticipated to enhance AXP’s industry positioning and offer growth opportunities for stakeholders.
More about AXP Energy
AXP Energy Limited is an oil and gas company that focuses on the exploration and production of energy resources. The company operates primarily in the United States, with a market focus on leveraging strategic partnerships to enhance its operations, including gas-to-power-bitcoin mining initiatives.
Current Market Cap: A$6.68M
For an in-depth examination of AXP stock, go to TipRanks’ Overview page.