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Xstate Resources Limited ( (AU:XST) ) has issued an update.
Xstate Resources Limited has completed the construction of the well pad for the Diona-1 well in the Surat-Bowen Basin, Queensland, where it holds a 51% working interest. The project, located near existing gas infrastructure, targets three proven hydrocarbon reservoirs and offers a potential rapid path to market if successful, enhancing Xstate’s operational capabilities and market positioning.
More about Xstate Resources Limited
Xstate Resources Limited (ASX:XST) is an ASX-listed company focused on the oil and gas sector, particularly its 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.