XST 0.00% 1.1¢ xstate resources limited

Yes BUT cash at the end of the last quarter (March) was 1...

  1. 314 Posts.
    Yes BUT cash at the end of the last quarter (March) was 1 million (which they had just raised) and forecast 0.5 million for the next quarter (ie to now) so probably now down to $500,000. Two wells were supposed to have been drilled by 1H 2014 which finishes tomorrow. If their prospects are so good hopefully that can get a joint venture or two happening with partners who can supply the cash. I like the potential upside but at the moment it appears very potential
 
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