XST 0.00% 1.0¢ xstate resources limited

I totally agree. I think they made the right choice to halt...

  1. 2,054 Posts.
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    I totally agree. I think they made the right choice to halt drilling when they hit hard rock. It no doubt took a lot of restraint to chase the gas and generate some $$$ than to burn through $$$ chugging through tough rock. They knew shareholders would be dissapointed, but that deeper gas deposit could still be there, this was a strategic move focussed in the long term goal not burning cash chasing rainbows. That professional approach focussed on generating sustainable income will allow for higher risk moves down the track. Onward and upward for XST! If that gas pumps this is going to be a great month!
 
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