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An announcement from Xstate Resources Limited ( (AU:XST) ) is now available.
Xstate Resources Limited has successfully completed its Re-compliance Prospectus offer, raising approximately $2.14 million. The company is now working to meet the remaining ASX conditions for re-listing, with plans to reinstate trading by September 11, 2025. Following the acquisition of a 51% interest in the Diona Project, Xstate Resources is set to commence drilling, with preparations underway to mobilize the rig by the week of September 22, 2025. This development marks a significant step in advancing the company’s operations and enhancing its position 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 the Diona project in Queensland, Australia. The company also holds exploration assets in the Sacramento Basin, California.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.89M
See more insights into XST stock on TipRanks’ Stock Analysis page.