Syria Project

Block 9 – Palmyride Basin, Syria

AXP Energy has secured the right to earn a 25% participating interest in Block 9, a 10,039 km² onshore Production Sharing Contract located within Syria’s prolific Palmyride Basin. The acreage sits within a proven hydrocarbon province and benefits from significant historical investment, including 1,800 km of 2D seismic, 420 km² of 3D seismic, and the drilling of the Itheria-1 exploration well.

Block 9 contains two drill-ready prospects with independently assessed gross unrisked mean prospective resources of 400 MMboe, representing only a small portion of the total contract area. With multiple additional exploration leads, existing infrastructure access, and a clear pathway toward drilling, Block 9 provides AXP with exposure to a highly prospective frontier opportunity in one of the Middle East’s most established petroleum systems.

Map of Syria showing the location of Block 9

This is a unique opportunity for a junior explorer in Syria alongside major International Oil Companies and operators already engaged. (US State Department, Chevron, ConocoPhillips, Total Energies, Eni, Gulf Keystone) and SPC prioritising field rehabilitation – supporting potential near‑term production upside.

Strategic partnership with Septima Energy which holds 75% in Block 9 and considerable in-country expertise and relationships. This partnership provides a platform to assess other opportunities emerging in Syria and surrounding regions.