Xstate Resources Ltd

XST

Company Profile

  • Business description

    Xstate Resources Ltd is engaged in oil and natural gas exploration, having historically held exploration and evaluation interests in the United States of America, and holding working interests in oil production assets in Canada and Austria. The Group currently operates in a single segment based on operation performed, and on geography, being oil & gas exploration activities on-shore Australia. Its Queensland project includes the drill-ready Diona Prospect, located near existing production infrastructure and targeting 3 stacked gas reservoir objectives in geologic plays.

  • Contact

    Level 1, 31 Cliff Street
    FremantleWA6160
    AUS

    T: +61 894353200

    https://www.xstateresources.com.au

  • Sector

    Energy

    Stock type

    Sensitive

  • Industry

    Oil & Gas E&P

    Fiscal Year End

    31 December 2026

    Employees

    1

Stocks News & Analysis

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Lower production and higher prices for ASX hydrocarbon play

Improving pricing offsets severe weather impact on sales volumes.
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Alphabet returns on AI investments accelerating

AI propels business across aegments, cloud is grightest; Increasing our fair value.
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We lift our fair value estimate for this ASX energy play

Strong oil and LNG prices are a major win, though we don’t think they will stay high in the long term.

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