Opportunites past and future

you can look at what Cosimo has brought to xstate in terms assets seriously gaining value for those that took up the ventures. the numbers are staggering, and the critics of the sansinena project have never returned and repeated their garbage allegations of the stripper field and it being a dead loss...

if you research a little right now you can look at the sunset and aim it in the past then you will find answers other than just sansinena, and you would bray a lot on the lost opportunity there

In addition to the Sacramento Basin activities the Company continues to pursue new production
opportunities onshore California that have the potential to add significant value to the Company via
production enhancement, cost control, and the drilling of new development and appraisal wells.
The focus for the Company in the next quarter is to successfully conclude its new business priorities,
continue to grow gas production

New Ventures

The Board and Management has continued to actively seek to identify and evaluate further asset opportunities that meet Xstate’s investment criteria and are capable of being delivered in a timely manner.

The Board have reviewed many opportunities which have varied in size and location that fit the Company’s criteria; namely existing oil production operations and material proven reserves with associated proven undeveloped development drilling locations. Very few have met the Company’s rigorous technical and commercial requirements.

The identified projects under review are typically production opportunities onshore California that have the potential to add significant value to the company via production and reserves enhancement, cost control, and the drilling of new development and appraisal wells.

Despite not concluding a new business opportunity to date, the background work carried out and ongoing engagement with potential sellers of assets places the Company in a good position to access suitable new opportunities in the near future.

i think we all welcome the ambition is to do this in the present quarter, and imho the matters in Singapore will continue to their conclusions..

its time we got this company operational and on a path forward..  lets hope its sooner than later...

good luck to all holders