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¢ | $19.10K | 1.185M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 1097187 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.6¢ | 6541 | 1 |
View Market Depth
No. | Vol. | Price($) |
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6 | 1097187 | 0.015 |
5 | 1379357 | 0.014 |
4 | 810000 | 0.013 |
3 | 1050001 | 0.012 |
4 | 498499 | 0.011 |
Price($) | Vol. | No. |
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0.016 | 6541 | 1 |
0.017 | 400000 | 1 |
0.018 | 302334 | 2 |
0.019 | 126662 | 3 |
0.020 | 103579 | 2 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
1.6¢ |
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Change
0.000 ( 6.67 %) |
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Open | High | Low | Volume | ||
1.7¢ | 1.7¢ | 1.6¢ | 65853 | ||
Last updated 15.58pm 29/03/2024 ? |
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