Xstate Resources Limited (XST.AX)
Xstate Resources Limited operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Fremantle, WA, AU. The stock last traded at $0.01, up 0.00% on the session, giving a market capitalisation of $1.9M. Its beta of 0.40 implies it has historically moved less than the broad market.
Established in 1987 and based in Fremantle, Australia, Xstate Resources Limited focuses primarily on the exploration and production of oil and natural gas, with a significant portion of its operations located in the United States. The company holds a diverse portfolio of assets, including a 25% working interest in Canada's Red Earth and a 35% working interest in Alberta Plains. Additionally, it possesses a 20% working interest in the Anshof-3 exploration well situated in Austria. Within California, USA, Xstate maintains a 33.33% working interest in the Borba Natural Gas Prospect Drilling and has various working interests, ranging from 10% to 30%, in oil and gas leases throughout the Sacramento Basin. Beyond its hydrocarbon ventures, the company also owns a 12% stake in the King Brown gold tenement.
Xstate Resources Limited is most often compared with the following Energy names: