Speaking with Small Caps, XCD managing director Dougal Ferguson said the company was “very pleased to have secured” additional acreage in a region that is quickly becoming a hot spot for oil and gas explorers, with Armstrong’s recent entry a major endorsement of XCD’s strategy.XCD’s first independent prospective resource report for its project is due “imminently”.Mr Ferguson added that following release of the prospective resource numbers, the company would then kick-off its search for a farm-out partner to target exploration drilling next winter season (2021).As part of this, XCD will have a booth and will be presenting its wares at the upcoming international NAPE Summit, which will be held in Houston, Texas in early February.
XCD Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
