AUSTRIA: ANSHOF PRODUCTION (20% WI)Production at the Anshof-3...

AUSTRIA: ANSHOF PRODUCTION (20% WI)
Production at the Anshof-3 well was suspended on the 19th September 2023 as a result of ADX (“the
operator”) commencing drilling of the Anshof-2 well, installation of a permanent production facility
and reaching the regulatory production limited of 5,000 Tonnes (36,000 barrels) during its test
production period. Anshof-3 production is anticipated to recommence after the installation of a
permanent production facility is completed, expected in March 2024.
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Xstate announced its non-participation in the Anshof-2 well on 6 November 2023.
The Anshof-3 well produced a steady average of 114 BOPD gross (23 BOPD net to Xstate) until it was
shut in on 19th September 2023 and is anticipated to produce at a comparable level once production
recommences.
Company’s total net share of production from Anshof-3 to date totals 5,960 bbl. XST %20 WI mkt cap $5.5 mill and will have near $ mill cash end april cheap imo