XST 0.00% 1.0¢ xstate resources limited

Ann: Xstate Resources Operations Update, page-342

  1. 2,054 Posts.
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    Lol. Keep trying buddy. There is no shortage of people hoping to get back in cheaply, as each day passed and we get closer to finding out if the borba well is going to have commercial flows, which it certainly looks like it may, the price of buying back in goes up. You no doubt have an order for a million or two sitting at 0.4c and you are hoping its filled, but you may as well face the fact that its going to be filled at 0.5 if your lucky and 0.6 if you wait too much longer or a tasty ann comes out regarding the increased oil production in canada. This little play still has a very good chance of having us holders in XSTasy in the not too distant future.
    - Increasing oil production
    - Waiting on gas flow results from very promising targets.
    -close to infrastructure to pump that gas into a huge market

    The fact is we would be waiting for test results regardless of if they drilled to TD or stopped. They didn't go full depth so as not to risk the gas plays in the upper levels. There is very little reason not to wait for news of the oil assets and flow tests.

    Without a doubt even if the TD was drilled to completion and they found gas oil diamonds and gold at never before seen volumes, i have no doubt that the day traders and instos such as comseks would have immediately sold huge parcels to cause a panick sell off exactly how it happened only to be waiting with their grubby scabby little paws ready at 0.4 to rebuy the same shares they sold. Tree shakes here, tree shakes there. I just think anyone who is left on the tree has a pretty good grip, and given how we are approaching what could be excellent news from borba and canada, especially given the current prices, i doubt any shaking is going to have much effect.
 
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