XST 0.00% 1.6¢ xstate resources limited

short term day traders have not done well, nor the 1 bagger 10...

  1. 8,273 Posts.
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    short term day traders have not done well,  nor the 1 bagger 10 days after spud it seems

    imho the catalysts are what will bring  value to xstate, not the spectulation



    Investment Thesis
    Near Term Catalysts for Growth

    • Two “drill-ready” prospects: Dempsey -1 well and Alvares appraisal ac@vity

    • Three newly iden@fied prospects on trend, mapped on 3D seismic and in process of being leased
    Value catalysts

    1. Explora5on Well: imminent explora5on drilling of Dempsey-1 targe5ng >1 Tcf1 (100%)

    • Drilling late July 2017; Xstate’s share of drilling cost US$440,000 (Drill & Complete)
    • Xstate 10% WI equivalent to >100 Bcf1 net
    • Several follow up prospects and leads iden@fied “on-trend”

    2. Appraisal Ac5vity: on Alvares gas discovery targe5ng >2 Tcf1 (100%)

    • Xstate 21% WI equivalent to >400 Bcf1 net
    • Re-entry of exis@ng well planned 2H 2017; Xstate share of drilling cost US$80,000

    3. Corporate

    • Settlement of legal dispute

    4. New Ventures
    • Ongoing search to acquire low cost, low risk, profitable oil and gas produc@on
 
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Last
1.6¢
Change
0.000(0.00%)
Mkt cap ! $5.144M
Open High Low Value Volume
1.7¢ 1.7¢ 1.6¢ $19.10K 1.185M

Buyers (Bids)

No. Vol. Price($)
6 1097187 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 6541 1
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
1.6¢
  Change
0.000 ( 6.67 %)
Open High Low Volume
1.7¢ 1.7¢ 1.6¢ 65853
Last updated 15.58pm 29/03/2024 ?
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