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Can Xstate’s $3M Raise Unlock Queensland’s Diona Gas Potential?
7:01am on Friday 27th of June, 2025 AEST
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Energy
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Can Xstate’s $3M Raise Unlock Queensland’s Diona Gas Potential?
7:01am on Friday 27th of June, 2025 AEST
Key Points
Capital raise of $2-3 million via 100-150 million shares at $0.02 each
Acquisition of 51% interest in Diona Project from Elixir Energy
Drilling of Diona-1 well targeting three stacked reservoirs planned for Q3 2025
Shares currently suspended, re-compliance with ASX Listing Rules required
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Xstate Resources (ASX:XST)
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