Welcome to Xstate Resources
Xstate Resources (XST) is an ASX listed company focussed on the oil and gas sector.
Xstate has adopted a sensibly contrarian strategy to unlock affordable, but highly prospective opportunities overlooked by industry participants. Currently this includes conventional gas and oil exploration onshore California with a focus on the Sacramento Basin.
unconventional reservoirs are secondary objectives that will be
evaluated by planned exploratory drilling.
Xstate’s mission is to generate value for shareholders through field development and production, from exploration and appraisal drilling in areas that:
Have high prospectivity for oil and gas,
- Have the benefit of new data, e.g. 3D
Have access to oil and gas production and transport infrastructure, but
Are relatively under-explored.
Xstate shares (ASX symbol: XST) are listed on the ASX