Highlights

• AXP Energy has secured the right to earn a 25% participating interest in Syria’s 10,039 km² Block 9 Production Sharing Contract located in the Palmyride Basin.
• The announcement positions the company in a newly reopened petroleum market following the removal of international sanctions during 2025.
• AXP shares rose 12.5% to AUD 0.007 following the announcement, reflecting investor interest in the company’s expanded exploration footprint.

AXP Energy Ltd (ASX:AXP) attracted renewed market attention following the company’s announcement of a farm-in agreement over Syria’s Block 9 Production Sharing Contract. The stock closed at AUD 0.007 on 15 June 2026, representing a gain of…