Xstate Resources (ASX: XST) is an active oil and gas explorer with its flagship tenement in Queensland, Australia. Xstate’s Queensland project includes the drill-ready Diona Prospect, located near existing production infrastructure and targeting 3 stacked gas reservoir objectives in proven geologic plays
Exploring for Oil and Gas in Australia
Xstate Resources (ASX: XST) is an oil and gas company, takes a strategic approach to identifying and capitalizing on overlooked yet highly prospective opportunities. Its mission is to generate shareholder value through targeted exploration, appraisal and development drilling in regions with strong oil and gas potential. By utilizing state-of-the-art geological and geophysical techniques and leveraging established production and transport infrastructure in underexplored areas, Xstate aims to unlock cost-effective, high-potential energy assets.
Through our efforts, we aim to contribute to Australia’s energy transition by providing cleaner-burning natural gas, which plays a crucial role in reducing emissions and supporting the shift toward a low-carbon future
About
our company
Xstate Resources is an oil and gas company with assets in Australia, Austria and America. Xstate’s predominate focus is on its Australian asset called the Diona Project. The Diona Prospect is approximately 12 km west of Waggamba Gas Field and 11 km east of the Taylor Gas and Oil Field and is situated directly beneath the Waggamba to Silver Springs gas export pipeline. The prospect targets 3 stacked reservoir objectives at Showgrounds, Upper Tinowon and Wallabella Sandstone levels, all of which will be tested via a single vertical exploration well.
