Xstate Resources Ltd. Stock Analysis XSTDB.AX

Xstate Resources Ltd. operates as an exploration company. The company is headquartered in Fremantle, Western Australia. The firm has oil production interests in Austria, and exploration assets located in the Sacramento Basin, California. The firm holds various working interests in a small number of producing gas wells, and associated land leases and production and pipeline access equipment in the Sacramento Basin, California. The Company’s projects include Anshof 3 Farmin, Alvares Project, Dempsey 1-15 Well, Dempsey Trend - (Includes Borba), Rancho Capay Field, Malton field, East Rice East Creek Field, Los Medanos Gas Field, and Dutch Slough Field. The Anshof-3 exploration well is located in the ADX-AT-II license in Upper Austria. The company has earned a 20% working interest in the Anshof Prospect Area. The Borba Prospect is a four-way dip closure mapped on 3D seismic with multiple targets and multi-TCF potential. The firm is pursuing new opportunities in the oil and gas sector globally.