Xstate Resources Limited (AU:XST) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Xstate Resources Limited has sold its Red Earth assets for US$2.73 million, enhancing its cash reserves for future opportunities. The company maintained a 25% working interest in the Crest Jinn assets in Canada, with a net production of 419 barrels of oil for the quarter. Following a shutdown, the Anshof-3 well in Austria has resumed production, signalling a strategic shift away from further Austrian ventures.
For further insights into AU:XST stock, check out TipRanks’ Stock Analysis page.
