'Update on Alberta Plains Asset Sale
Xstate Resources Limited (ASX:XST) (“Xstate” or “the Company” advise that it has agreed with Blue Sky Resources Limited (“Blue Sky” to defer the completion date of its sale agreement to 2 October 2023, at which time the Company will receive net proceeds C$1,082,035 (approximately $1,240,000) as consideration for the sale of its 35% working interest in the Alberta Plains Assets, as announced to the market on 19 July 2023.
The majority of the proceeds will be employed as funding a proportion of the Company’s 20% working interest contributions for the Anshof-2 appraisal and development well, anticipated to commence in Q4 2023.'
Company confirmation today that everything is tracking nicely and as planned for XST as we approach the imminent spudding of the Anshof 2 well in Austria.
advise that it has agreed with Blue Sky Resources Limited (“Blue Sky”
