AXP Energy Limited (ASX:AXP) agreed to acquire a 50% membership interest in Kentucky Exploration, LLC from Newtak Pty Ltd for $0.05 million on November 19, 2021. The transaction has been authorized by the Board of AXP Energy Limited. The transaction is expected to close by end of November.

The independent reserve and resource report on AXP's Denver-Julesburg Basin and the portion of AXP's Illinois Basin held by Kentucky Exploration was performed by Gustavson Associates, LLC of Boulder, Colorado, US.