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Xstate Resources Limited ( (AU:XST) ) has provided an announcement.
Xstate Resources Limited has announced the commencement of drilling operations for the Diona-1 well in the Surat-Bowen Basin, Queensland, where it holds a 51% working interest. The drilling is set to begin on September 26, 2025, targeting the Showgrounds, Tinowon, and Wallabella formations, with potential for rapid market access due to proximity to existing gas infrastructure. This development could enhance Xstate’s operational capabilities and market positioning in the oil and gas industry.
More about Xstate Resources Limited
Xstate Resources Limited is an ASX-listed company operating in the oil and gas sector, with a focus on its Diona project in Queensland, Australia. The company holds a 51% interest in ATP 2077, while Elixir Energy Limited retains full ownership of Blocks A and B. Xstate also has exploration assets in the Sacramento Basin, California.
YTD Price Performance: 10.0%
Average Trading Volume: 3,448,214
Technical Sentiment Signal: Sell
Current Market Cap: A$5.53M
Find detailed analytics on XST stock on TipRanks’ Stock Analysis page.