XST 0.00% 1.6¢ xstate resources limited

“Post quarter end the vendor of the Los Angeles Basin assets...

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    “Post quarter end the vendor of the Los Angeles Basin assets advised Xstate that the existing Purchase and Sale Agreement (“PSA”) was terminated. Notwithstanding the Company’s disappointed of not closing the previously announced Los Angeles Basin acquisition, Xstate remains committed to pursue a transaction with the vendor on similar terms subject to funding.
    Furthermore, the Board and Management have continued to actively seek to identify and evaluate further asset opportunities that meet Xstate’s investment criteria and are capable of being delivered in a timely manner.

    Xstate is advancing discussions in relation to other potential transactions and funding alternatives, which the Board believe can be progressed rapidly.
 
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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