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Xstate Advances Diona-1 Well with $1.69m Raise Amid Fluid Recovery Hurdles
1:32pm on Friday 31st of July, 2026 AEST
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Oil and Gas
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Xstate Advances Diona-1 Well with $1.69m Raise Amid Fluid Recovery Hurdles
1:32pm on Friday 31st of July, 2026 AEST
Key Points
Two-stage stimulation completed on Diona-1 well targeting upper formations
Recovery of completion fluids slower than expected, leading to well shut-in
Review underway for artificial lift methods to enable unimpeded gas flow
$1.69 million capital raised to fund completion works
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