hell of a year for xstate shareholders. phenomenally poor effort...

hell of a year for xstate shareholders. phenomenally poor effort from the sole corporate fund raiser sanston, resulting in a disastrous outcome.

totally unable to proceed with the oil acquisition program because of the sanston 4, court action forced by their own hand, and a result in 6 months with is absolutely unheard of.. brilliant result for the shareholders.

Dempsey turns out to be tight sandstone, but still has the promise of attaining commercial flow further testing will determine engineering solutions

achievements:

Summary judgement awarded in the Supreme Court action against Tanzil Hidayat, Chloe Kwok Yun Qing, Hong Hung Thiam and Kevin Lim Gunawan. The Court has ordered that those defendants pay the Company a total of US$33,187,960 plus interest, and all court fees to this point

moving forward, xstate imho has now a better chance of achieving its objectives in rolling out its oil acquisition program in 2018, a full year late, once it gets the court action finalised.

dempsey will be further tested and the engineering has to be solved, its noteworthy that the operator has backed right off on alvares entirely. nothing is going on there in the planning.

best of luck to all holders in 2018