XST 0.00% 0.9¢ xstate resources limited

Ann: Acquisition of Oil Producing Assets in Canada, page-30

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  1. 5,410 Posts.
    lightbulb Created with Sketch. 1208
    Oil prices are up for the oil production asset.

    Infrastructure and assets included in the purchase esimated to cost $100's of millions of dollars to replace.

    "The Red Earth Alberta Canada oil acquisition previously announced is proceeding according to plan. Production remains at around 1000 BOPD (300 BOPD net to SGC), while oil prices have increased more than 15% to over Canadian $62 per Barrel since the acquisition was announced."
 
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