XST 12.5% 1.8¢ xstate resources limited

BPH with PEP11 has market cap of $25m. XST with Borba has market...

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    BPH with PEP11 has market cap of $25m.

    XST with Borba has market cap under $10m.

    PEP11 offshore, Borba onshore

    PEP11 expensive to drill, Borba cheap to drill

    PEP11 doesn't have drilling approval yet, Borba does.

    Vocal opposition to PEP11, no opposition to Borba

    https://coastcommunitynews.com.au/c...an-opposition-building-against-pep11-renewal/

    Unknown spud date for PEP11, preperations for Borba spud happening this month

    Borba has a pipeline running a few miles for it to hook up to

    Borba multi TCF gas. Indications are Borba could be 6 TCF+

    XST set for a major rerate imo

    DYOR
    Last edited by Randy Savage: 04/01/21
 
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