well happy new year xstaters, been a relaxing couple of weeks, but back to the grindstone now and eyes on the market.
Have been mulling over where xstate is at and the sac valley assets.
Looking at Dempsey its obivously has potnetial to do well, hovever its also looking like it will be costly in terms on engineering to develop this an other wells.
Taking that into consideration, the best path for xstate might be to liquidate the Sac valley and leave it to SGC or companies will deeper pockets.
If we can get between 10-20mill out of the damages claim one way or the other, then Cosimo can get going and acquire some producing assets and leverage from there.
I'd love to see thedamages clam bought to a quick conclusion so we can move on.
XST Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held