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An announcement from Xstate Resources Limited ( (AU:XST) ) is now available.
Xstate Resources Limited announced that it has received pre-approval from the Queensland Department of Natural Resources and Mines for the acquisition of 51% of ATP 2077, known as the Diona sub-block. This acquisition is a significant step towards reinstating the company’s shares on the ASX and commencing drilling operations, with early results expected by the end of September.
More about Xstate Resources Limited
Xstate Resources Limited is an ASX-listed company focused on the oil and gas sector, with exploration assets in California, USA. Recently, the company expanded its portfolio by acquiring the Diona project in the Surat Bowen basin of South-West Queensland.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.89M
See more insights into XST stock on TipRanks’ Stock Analysis page.