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, spanning across three prolific oil & gas basins in the US - the Appalachian Basin, Illinois Basin, and the Denver Julesburg Basin. AXP Energy has seen a remarkable 2250% increase in production in the last 9 months, reflecting its renewed focus on building a reliable producing asset base and a strategy of enhancement and optimization. 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. With its strong performance and strategic positioning in key oil & gas basins, AXP Energy Limited presents an appealing investment opportunity for venture capitalists.
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