Axiom Oil and Gas Corp. (OTCQB: AXIO) 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. With a strong management and operations team and low risk development drilling, the Company intends to build a solid base operation with stable cash flow to ensure corporate longevity and minimal dilution as it grows its shareholders’ value with additional oil and gas opportunities. SNNLive spoke with Robert Knight, President of Axiom Oil and Gas Corp. at the New Orleans Investment Conference 2014.
Mr. Knight begins with an overview of the company, “Axiom is a development company in the oil and gas space. We’ve just acquired 15,000 gross in northern Montana – north central Montana. We’ve got two wells that that we’ve drilled, we’re just gonna start fracking them early in November and we’ve got two producing gas wells, it looks like it’s gonna be a new development resource play in Montana.” Axiom’s facility is located in Toole County, which is about 16 miles south of the Canadian border in the Keyvan Sunburst Dome, where there’s been, “oil producers there since 1922, it’s produced about $350 million barrels of oil and about 350 BCF of gas.”
Mr. Knight delves into what to expect from Axiom in 2015, “What we plan for Axiom is to finish these first two wells at the end of this year and then our goal is to drill out two additional wells early in the spring and if those wells are what we think they are, then we will start drilling horizontal wells – probably do 6 horizontal wells next year.” By the end of next year, he expects, “around five to six hundred barrels of oil per day”. Mr. Knight explains how declining oil prices doesn’t have a huge effect on Axiom’s low-cost producing area, “I think our break-even is about $35 a barrel, so we’ve got lots of room to make money.” For more information, check out their website: www.AxiomOil.com
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