XST 11.1% 1.0¢ xstate resources limited

Only thing is that O&G companies are never valued at the full...

  1. 314 Posts.
    Only thing is that O&G companies are never valued at the full price of a barrel of oil. Often $10/barrel is used, although it can be a bit higher or lower depending on local factors. So if the figures are reduced by a factor of 10 then that would be more in line with how the market will value any discovery. Hopefully recovery of might be higher than given
 
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