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AXP Energy ( (AU:AXP) ) has shared an announcement.
AXP Energy Limited announced the discovery of oil and gas shows in the Charlie #1 Vertical Well in Oklahoma, with promising results from the Oswego Lime and Mississippi Chat formations. This marks the company’s first well in Oklahoma, aligning with its strategy to replicate successful Gas-to-Power operations from Colorado. The company plans further evaluation and drilling to assess commercial viability, which could impact its market positioning and stakeholder interests.
More about AXP Energy
AXP Energy Limited operates in the oil and gas industry, focusing on exploration and production activities. The company is involved in drilling operations and aims to expand its Gas-to-Power operations, particularly in regions like Oklahoma and Colorado.
Current Market Cap: A$8.36M
See more data about AXP stock on TipRanks’ Stock Analysis page.