Ann: XST Acq Interest in 2 Oil Discoveries and Multiple Prospects, page-27

In the last 4C they do say Permitting of on-site facilities at Borba are being initiated.

If we take them for their word it seems some progress is happening on this front. I would like them to provide some further details around this rather than leaving shareholders guessing for the last few years.

CALIFORNIA: BORBA NATURAL GAS DRILLING (33.33% WI)Evaluations to monetize the previously reported Borba gas discovery continued with review of alternative developments, these include electricity production for an onsite data centre, hydrolysis of natural gas for Hydrogen generation for the local transport market or other means of transporting the gas molecules to local markets. Permitting of onsite facilities is being initiated.

Its been slow going, but I think the market has priced XST too low.

I will continue to hold and see if they can deliver holders some future value.

Good luck and always DYOR