Xstate Resources Appoints Andrew Bald as Managing Director to Lead Strategic Growth

Xstate Resources Limited ( (AU:XST) ) has issued an update.

Xstate Resources Limited has appointed Andrew Bald as its new Managing Director. With over 35 years of experience in oil, gas, and financial markets, Bald’s leadership is expected to drive the company’s strategic objectives, particularly focusing on the Diona Project. His appointment coincides with increased operational activity and a controlling interest in the Diona Project, which is anticipated to be transformational for the company. The transition of Andrew Childs to a Non-executive role and the strategic focus on exploration success and further project acquisitions are expected to create significant value for shareholders.

More about Xstate Resources Limited

Xstate Resources Limited is an ASX-listed company operating in the oil and gas sector. The company holds oil production interests in Austria and, pending shareholder approval, exploration assets in Queensland, Australia, and the Sacramento Basin, California.

Technical Sentiment Signal: Strong Buy

Current Market Cap: €1.6M

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