flow rate does decline over time, which is why you need to keep exploring and digging up wells which XST and SGC are doing.
However it is currently NOT the case for XST. It is not currently "scrapping the bottom of reservoir ponds" as you wrongly mentioned.
Where did you get your facts? Please take a screenshot for proof.
As you can see below we are gradually increasing in production since March Quarter 2021 to March Quarter 2022.
From 2419 BOE to 38391 BOE (net XST) in a year.
We have 4 wells under development in Canada and Austria.
Mate, 4 Billion SOI is normal for penny stocks like XST!
Where else can you get an oil/gas producing company for $0.004???
They are also continually developing more and more wells.
Also it's not hard to predict that oil will be more expensive, at least until end of 2024 (US election) to early 2025.
It's common news now that Biden with his green initiative caused oil prices to jump even before Russian invasion and I don't think they will change before the election.
Russia won't stop their invasion to Ukraine and it looks like other countries might actually be attacked by Russia, hope not.
0.75% interest rate increase is a joke.
It won't do anything.
They need to increase interest rates by at least 6% or even higher to quell inflation.
It only makes the Fed and Biden administration to look good while not doing anything to asset prices.
And your statement: "The NASDAQ down 13% for march quarter worst result since October 2008 enjoy gambling!"
I can't stop smiling reading this.
Have a look at the latest 6M chart comparisson of Nasdaq and Crude Oil below.
See the correlation?
When stock prices fall, crude oil prices generally increases as shown by the charts below.
Please stop misleading people.
