XST 0.00% 0.9¢ xstate resources limited

Ann: June 2022 Quarterly Activities and Cash Flow Statement, page-6

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  1. 2,156 Posts.
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    The Borba situation is pretty much word-for-word with SGC's, dyor...except for a telling (imo) addition by SGC which seems to reinforce the direction being taken which seems to be to use the gas in electricity production for a data centre facility pending necessary permits.

    (SGC's additional info.." and permitting of facilities for monetization of the natural gas from the Borba 1-7 well discovery.")
    This additional info above is contained in their section 'September Quarter Objectives'

    Now, how much of the gas can be 'monetized' to power a data centre I have no idea but doubt there'd be much profit in it. It could even be a condition of their exploration/production permit - 'you found it ages ago, now get it moving'.

 
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