Xstate Resources Limited (AU:XST) has released an update.
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Xstate Resources Limited has successfully sold its Red Earth assets for US$1.327 million, boosting its cash balance to around A$4.34 million. The company is actively pursuing new ventures, conducting global searches and technical due diligence to expand its portfolio. Meanwhile, Xstate reported stable oil and gas production across its international and domestic assets, including a 25% working interest in Canada’s Crest Jinn and various interests in California’s Sacramento Basin.
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