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Xstate Resources Spuds Diona-1 Well Targeting Multiple Hydrocarbon Reservoirs

9:44am on Monday 29th of September, 2025 AEST Energy
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Xstate Resources Spuds Diona-1 Well Targeting Multiple Hydrocarbon Reservoirs

9:44am on Monday 29th of September, 2025 AEST
Key Points
  • Diona-1 well spudded and currently at 549m depth
  • Targeting Showgrounds, Tinowon, and Wallabella formations between 2,300m and 2,600m
  • Xstate holds 51% interest and operates the well
  • Estimated 12.5 Bscfe gross unrisked prospective resources with 55% geological success chance
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