XST 0.00% 0.9¢ xstate resources limited

Ann: Strong Gas Shows Continue at Borba Discovery, page-186

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  1. 394 Posts.
    lightbulb Created with Sketch. 33
    Why consolidate? Look at 88e, over 12 billion shares@ 22o+ mill MC ,similar to us but bigger play still capable of moving the share price substantially on drill news.
    My vision/hope is seeing 220+MC, 4 billion shares after 1 more big CR @2.5+to drill more holes and SP north of 5-7c then self funding if not taken over.
    Doable at current oil/gas prices inside 12 months is a reasonable CONSERVATIVE assumption but have to be successful at Borba and put Dempsey behind us. Thats why the SP is staying where it is.
 
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