Axp Energy

AXP Energy Limited (ASX:AXP, OTC US: AUNXF, formerly Fremont Petroleum) is an oil & gas production and development company. Founded in 2006, the Company has operations in Kentucky, Tennessee, Virginia, Indiana, Illinois and Colorado. The production portfolio spans across three of the most well defined and prolific oil & gas basins in the US, the Appalachian Basin, Illinois Basin and the Denver Julesburg Basin. With a renewed focus on building a reliable producing asset base and a strategy of enhancement and optimisation, AXP Energy has realised a 2250% increase in production in the last 9 months. The Company’s asset base includes approximately 1,500 wells with a leasehold position of over 100,000 acres held by existing production, providing a solid revenue base for further growth.