MARKETS

AXP Energy selling American assets for US$4 million

AXP Energy (ASX: AXP) looks set for a tidy profit after finalising the sale of its oil and gas assets in the US’ Illinois and Appalachian Basins to Mountain V Oil & Gas Inc.

Colin Hay

AXP Energy selling American assets for US$4 million

The completion of the deal follows an extensive period of due diligence carried out by Mountain V, a privately held US oil and gas exploration and production company operating in the Appalachian Basin...

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