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Xstate Resources Limited
(Sydney:XST)
Xstate Resources Limited (XST) vs. iShares MSCI Australia ETF (EWA)
Xstate Resources Limited Business Overview & Revenue Model
Xstate Resources Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 618.38K | 7.81M | 19.41M | 8.42M | 60.81K |
| Gross Profit | 65.41K | 2.01M | -2.81M | -3.26M | 80.81K |
| EBITDA | -384.18K | 2.52M | 773.68K | -2.79M | -619.33K |
| Net Income | 1.18M | 1.40M | -3.48M | -4.64M | -652.43K |
Balance Sheet | |||||
| Total Assets | 4.53M | 12.73M | 31.82M | 40.39M | 1.09M |
| Cash, Cash Equivalents and Short-Term Investments | 3.56M | 995.26K | 814.46K | 724.39K | 814.88K |
| Total Debt | 0.00 | 4.89K | 0.00 | 4.92K | 65.68K |
| Total Liabilities | 1.12M | 10.54M | 31.12M | 36.54M | 388.73K |
| Stockholders Equity | 3.40M | 2.20M | 698.84K | 3.85M | 704.30K |
Cash Flow | |||||
| Free Cash Flow | -1.59M | -971.60K | 100.94K | -4.79M | -1.08M |
| Operating Cash Flow | -1.59M | -78.23K | 100.94K | -3.05M | -1.05M |
| Investing Cash Flow | 4.12M | 279.33K | 0.00 | -1.74M | -32.40K |
| Financing Cash Flow | -4.89K | -42.93K | -4.92K | 4.65M | 1.36M |
Xstate Resources Limited Technical Analysis
Xstate Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $14.70B | 9.57 | 6.41% | 5.37% | 4.12% | -71.24% | |
43 Neutral | €2.89M | 0.74 | -44.06% | ― | -92.10% | -243.18% | |
| $1.31M | ― | ― | ― | ― | |||
| $2.04M | ― | -12.44% | ― | ― | ― | ||
53 Neutral | AU$3.42M | 5.26 | -1.40% | ― | 68.45% | 66.67% | |
44 Neutral | AU$2.04M | ― | -21.05% | ― | -32.86% | 55.26% | |
40 Underperform | AU$2.83M | ― | -55.36% | ― | ― | -281.82% |
Xstate Resources Limited Corporate Events
Xstate Resources Limited has announced its acquisition of a 51% working interest in the Diona block of ATP 2077, facilitating the re-quotation of its shares on the ASX. The company plans to issue a Prospectus for a minimum capital raise of $1.5 million, with existing shareholders receiving priority entitlement. The Diona project is expected to be a cornerstone for Xstate, providing low technical risk and potential for both gas and liquids. Additionally, Xstate disposed of its non-cashflow accretive interests in the Crest Jinn wells in Canada, while maintaining its interests in projects in Austria and the USA. The company reported a decrease in its cash balance due to legal and technical fees related to the Diona acquisition.
Xstate Resources Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for 14 May 2025 at their Fremantle office. The company will not send physical copies of the Notice of Meeting unless specifically requested, encouraging shareholders to access the document online. Shareholders are advised to submit proxy voting instructions by 12 May 2025 to ensure their votes are counted. The meeting will address matters affecting shareholdings, and shareholders are encouraged to consult professional advisers if uncertain about voting decisions.
Xstate Resources Limited has announced the acquisition of a 51% interest in the Diona Sub-Block of ATP 2077, positioning itself as the sole operator of this prospective block in Queensland. The company will undertake an accelerated work program, aiming for completion by September 30, 2025, while Elixir retains a 49% interest. This strategic move allows Xstate to enhance its operational capabilities and market presence in the region.
Xstate Resources Limited has announced a proposed issue of 25 million unlisted options, exercisable at $0.04 within 18 months. This strategic move is intended to raise capital and potentially strengthen the company’s financial position, providing flexibility for future growth and development in the energy sector.
Xstate Resources Limited has announced a proposed issue of 150 million ordinary fully paid securities as part of a non-pro rata offer under a disclosure document or product disclosure statement. This strategic move is anticipated to strengthen the company’s financial position and potentially expand its operational capabilities, impacting its market positioning and offering potential benefits to its stakeholders.
Xstate Resources Limited has appointed Andrew Bald as its new Managing Director. With over 35 years of experience in oil, gas, and financial markets, Bald’s leadership is expected to drive the company’s strategic objectives, particularly focusing on the Diona Project. His appointment coincides with increased operational activity and a controlling interest in the Diona Project, which is anticipated to be transformational for the company. The transition of Andrew Childs to a Non-executive role and the strategic focus on exploration success and further project acquisitions are expected to create significant value for shareholders.
Xstate Resources Limited has announced the acquisition of a 51% interest in the Diona Gas Project, located in the Surat-Bowen Basin, Queensland. This strategic move positions Xstate as the operator of the project, with plans to accelerate the exploration program by drilling an exploration well, Diona-1, in the third quarter of 2025. The project targets three stacked reservoir objectives, with a potential mean prospective resource of 6.4 billion standard cubic feet equivalent. The acquisition is expected to enhance Xstate’s industry positioning and facilitate its re-admission to the ASX, subject to compliance with listing rules.
Elixir Energy Limited has entered into an agreement with Xstate Resources Ltd to farm out the Diona sub-block of ATP 2077. Xstate will fund the drilling of an exploration well in exchange for a 51% interest in the sub-block, while Elixir retains full interest in the Taroom Trough sub-blocks. The exploration well, named Diona-1, targets a conventional gas accumulation near an underutilized gas line, with drilling planned for the third quarter of this year. This deal is expected to meet Elixir’s work commitments for the ATP 2077 license and could quickly lead to positive cash flows if successful.
Xstate Resources Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting its commitment to transparency and accountability in its operations. This announcement is significant as it reinforces Xstate’s dedication to maintaining high governance standards, which is crucial for its stakeholders and can impact its industry positioning positively.
Xstate Resources Limited has released its 2024 Corporate Governance Statement, highlighting its commitment to maintaining high standards of governance throughout the financial year. The Board of Directors is responsible for strategic planning, monitoring financial performance, and ensuring risk management and gender diversity objectives are met. The board comprises a mix of executive and non-executive directors, with a focus on diverse skills and experience to guide the company’s operations effectively.
Xstate Resources Limited has released its annual financial report for the year ending December 31, 2024. The report provides a comprehensive overview of the company’s financial performance, including statements of financial position, profit or loss, and cash flows. This release is crucial for stakeholders as it offers insights into the company’s financial health and operational effectiveness, potentially impacting investor decisions and market positioning.
Xstate Resources Limited has announced the divestment of its 25% working interest in the Crest Jinn assets located in Alberta, Canada, to Blue Sky Resources Limited. This decision was made due to unresolved commercial discussions and the challenging political and economic climate in Canada. Xstate will receive a 3% overriding royalty on 25% of production operations, valued at approximately C$10,500. The divestment alleviates Xstate from restoration liabilities while providing a nominal cash return, allowing the company to focus its capital elsewhere.