xstate quarterly activities

Its really worth to read this report:

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=xst


Interesting, isn´t it?

Site 1:

"Notes (for Sidi): Assumes 33 % recovery factor of mean oil in place..."

Site 2:

"Sidi Dhaher:

The interpreted 30 m oil column in the Sidi Dhaher 1 well occurs in good quality...
Otherwise, the oil zone is interpreted to be similar to oil zones seen in nearby producing oil fields"

Site 3:

"... The curring estimate for testing to begin is mid May 2012..."

... but now the `post Sidi Dhaher Oilfield Limit´ line brings the majority of Chorbane prospects into an interpreted New Oil Fairway..."

Site 4:

"... The permit Operator (ADX) has adviced that the Sidi Dhaher oil discovery is expected to e flow tested in mid May 2012..."

:o)