Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from AXP Energy ( (AU:AXP) ).
AXP Energy Limited has confirmed the presence of hydrocarbons in multiple zones at the Charlie #1 Well in Noble County, Oklahoma, following successful electronic wireline logging and casing. The company is planning to complete the well for production, with hydraulic fracturing scheduled for late October 2025. This development highlights the potential of the Mississippi Lime formation and AXP’s strategic focus on expanding its operations in Oklahoma, which could enhance its market position and provide significant opportunities for stakeholders.
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 at its Pathfinder Field for power generation, aiming to sell this power to data center operators and owners involved in high-performance computing, including AI and Bitcoin mining. AXP Energy has secured its first customer, Blackhart Technologies LLC, and operates 24 oil and gas wells at its Pathfinder Field. Additionally, the company is pursuing oil production opportunities in Oklahoma through recently acquired leases.
Current Market Cap: A$8.36M
See more insights into AXP stock on TipRanks’ Stock Analysis page.