AXP Energy Ltd.

AXP Energy Ltd. , is pleased to confirm that it has agreed terms with Australian private company Newtak Pty Ltd to acquire Newtak's 50% membership interest in Kentucky Exploration, LLC, resulting in AXP owning these leases outright and retaining sole operatorship . AXP formed a Joint Venture with Newtak in 2010 to acquire and operate the leases with revenue being equally shared after costs and royalty payments. Under the [...]

HIGHLIGHTS Lodgement made to OTC Markets Group to upgrade to the OTCQB® Venture Market Up-listing to the OTCQB® Venture Market is being sponsored by MCAP LLC Also pursuing electronic clearing and settlement through the Depository Trust & Clearing Corporation in the United States AXP Energy Ltd. , has lodged an application to commence trading on the OTCQB® Venture Market given the growing support for the Company among [...]

HIGHLIGHTS AXP has formed an in-house drilling function staffed with existing team members to undertake an internally-funded 4 + 4 well vertical well drill program in the Illinois and Appalachian Basins; Company has internal geological, drilling and field service capabilities which will operate this drilling division with its key deliverable to increase oil production; Significant cost advantages over contracting an [...]