Ann: Anshof-3 Flows Clean Oil to Surface, page-2

Announcement to ASXANSHOF-3 FLOWS CLEAN OIL TO SURFACEXstate Resources Limited (ASX: XST) (“Xstate”, “XST” or “the Company”) is pleased to inform its shareholders and the market of the results of the production test at Anshof-3, in which Xstate has 20% working interest.Electronic lodgement

• Water free oil produced to surface at approximately 75 barrels of oil per day (gross) from Anshof-3
• Well productivity is within initial expectations and has now been shut in for build-up
• Oil rates in subsequent wells on the flank of the structure where reservoirs areexpected to thicken are likely to result in significantly higher production rates.