XST 0.00% 0.9¢ xstate resources limited

Jodpha, a twinned well has been estimated at $15m so for sure...

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  1. 5,057 Posts.
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    Jodpha, a twinned well has been estimated at $15m so for sure they will be hoping existing wellbore can be utilized....imo... I am just not sure about the appetite for this given the poor result at Tulainyo-2... will be interesting to see if PCL bail on this also.
    As for any production... the nearest infrastructure is 9 miles away... so no 'instant cash' here.. in fact a very long and expensive exercise to hook up...imo
    Up 50% in a few days suggests some assets may have been shoe horned out of the gang of four?
    DYOR
 
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