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The latest update is out from Xstate Resources Limited ( (AU:XST) ).
Xstate Resources Limited has announced significant progress in its gas exploration efforts in the Taroom Trough, with the successful drilling and casing of the Diona-1 well. The well has shown promising results with significant gas shows over a 181-meter interval and a net pay of 23 meters across three zones in the Permian sands. This development positions Xstate as a potential leader in unconventional Basin Centred Gas accumulation, which could enhance its market position and offer substantial benefits to stakeholders.
More about Xstate Resources Limited
Xstate Resources Limited is a company operating in the energy sector, focusing on the exploration and production of gas resources. The company is listed on the Australian Securities Exchange (ASX:XST) and is actively involved in developing gas projects, particularly in the Taroom Trough region.
YTD Price Performance: -10.0%
Average Trading Volume: 4,640,743
Technical Sentiment Signal: Sell
Current Market Cap: A$5.49M
For detailed information about XST stock, go to TipRanks’ Stock Analysis page.