InvestSMART

Xstate Resources Limited (ASX:XST)

ALERT: Price-sensitive ASX Announcement for XST
Current share price for XST : $0.014 -0.015 (-51.72%)+
Announcement
Release
4 May 2026 8:15AM
Price at Release
$0.029
Full Release
download
Summary
Xstate Resources Limited provided an update on the operations at the Diona-1 well, located in the Surat-Bowen basin of South West Queensland. They reported that stimulation and flow testing operations are progressing smoothly as per schedule, with all zones successfully stimulated. The stimulation equipment is being demobilised, and methane gas indications were recorded during the routine flowback period. The next steps include milling out temporary plugs before commencing a 14-day flow testing and pressure monitoring process. The technical information was overseen by Mr. Greg Channon, a qualified geoscientist.
Key Points
  • Stimulation and flow testing operations at Diona-1 are progressing smoothly.
  • All zones have been successfully stimulated.
  • Methane gas indications were recorded during routine flowback.
  • Stimulation equipment is being demobilised.
  • Coil tubing unit will mill out temporary plugs before running the completion.
  • A 14-day flow testing and pressure monitoring process will commence next.
  • Mr. Greg Channon, a competent person, oversaw the technical information.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.