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Xstate Uncovers 200 Bcf Gas Potential at Diona-1, Eyes Early 2026 Testing

6:04pm on Friday 30th of January, 2026 AEDT Oil and Gas
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Xstate Uncovers 200 Bcf Gas Potential at Diona-1, Eyes Early 2026 Testing

6:04pm on Friday 30th of January, 2026 AEDT
Key Points
  • Diona-1 well drilled to 2,479m with significant gas shows
  • Updated prospective resources of 200 Bcf gross, 100 Bcf net to Xstate
  • Funding of A$3.82 million secured for appraisal and flow testing
  • Disposal of US assets reduces abandonment liabilities
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