AXP ENERGY

AXP Energy (ASX:AXP)

FOCUS ON AXP

AXP Energy Limited (ASX: AXP, OTC: AUNXF) is an oil & gas production and development company with operations in Colorado, Illinois, Kentucky, Tennessee and Virginia.

AXP’s focus is to aggressively grow daily production by improving current asset performance and opportunistically acquiring onshore USA oil & gas assets with the following characteristics: 

  • producing conventional oil & gas wells;
  • production that can be enhanced through low-cost field operations and workovers;
  • leases which are held by production, and which do not require ongoing drilling commitments; and
  • economies of scale which can be achieved by acquiring and carrying out similar enhancement strategies on contiguous or nearby fields with similar characteristics.

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