What we do is pay 100% of the money to drill a well and we earn a 75% interest.
(PRWEB) December 04, 2013
Axiom Oil & Gas Corp. was one of the presenting companies interviewed at the recent FSXinterlinked Investment Conference, held at the Ritz Carlton in Marina Del Rey, California.
Axiom Oil and Gas Corp. is an oil and gas exploration and development company, formed initially, to develop oil and gas leases in Toole County, MT. The Company provides investors with exposure to producing oil and natural gas interests with significantly lower production costs.
During the interview Axiom Oil & Gas Corp. President, Robert Knight said, "The company was originally started in 207 but we took it over in 2010. The first phase of the project is a 6 well program. What we do is pay 100% of the money to drill a well and we earn a 75% interest. The people that own the leases, American Midwest, they are carried for 25%. The reason they are carried is they are supplying the land and there is a million and a half dollars in 3D seismic that overlays all of the land. They are contributing that as well. For that they get carried 25%. The drilling is going to start in the new year, probably end of February."
Axiom hopes to have this 6 well program completed by June 2014 and intend to drill 64 more locations over the next three years.
The interview was conducted by FSXinterlinked Investment Conference Host, Michael Fugler, and is available on the FSXinterlinked channel on InterlinkedTV and more information is available at Axiom Oil & Gas Corp.'s website.
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