Last quarterly report mentions "Identification of Type I plays possible size in excess of 5 TCF trend"
http://www.xstate.com.au/files/file...T_Quarterly_Activity_and_Cash_Flow_Report.pdf
Assuming that it is 5.5 TCF of gas this is the equivalent of 1 billion barrels of oil.
http://home.online.no/~helgnil/calc1_4e.html
1 billion barrels at a conservative $10 per barrel is 10 billion dollars !!
XST market cap $5m
Huge upside imho. DYOR
Last quarterly report mentions "Identification of Type I plays...
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