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AXP Energy Secures 25% Stake in Syria’s Palmyride Basin Hydrocarbon Block

8:44am on Monday 15th of June, 2026 AEST Energy
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AXP Energy Secures 25% Stake in Syria’s Palmyride Basin Hydrocarbon Block

8:44am on Monday 15th of June, 2026 AEST
Key Points
  • Farm-in grants 25% interest in 10,039 km² Block 9 PSC in Syria
  • Historical prospective resources up to 765 MMboe at Itheria prospect
  • Sanctions lifted in 2025 open Syria to major international oil players
  • AXP plans seismic reprocessing and drilling two wells in 2027
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