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Xstate Resources Limited ( (AU:XST) ) has provided an update.
Xstate Resources Limited issued a clarification regarding a seismic image from a historical survey in their recent presentation. The image, originally from a 1984 survey by Bridge Oil Limited, was included to meet ASX Listing Rule 5.29 requirements, impacting the company’s transparency and compliance with regulatory standards.
More about Xstate Resources Limited
Xstate Resources Limited is an ASX-listed company operating in the oil and gas sector, primarily focusing on its Diona project in Queensland, Australia. The company owns 51% of ATP 2077, with Elixir Energy Limited holding 100% beneficial ownership in Blocks A and B. Xstate also has exploration assets in the Sacramento Basin, California.
YTD Price Performance: 5.00%
Average Trading Volume: 6,778,731
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.07M
Learn more about XST stock on TipRanks’ Stock Analysis page.