Xstate Resources Limited · ASX:XST
Xstate Resources — Shareholder Meeting (May 2018)
9 slides from Xstate Resources's shareholder meeting presentation, May 30, 2018
Slide 1: Annual General Meeting
Annual General Meeting 30 May 2018 California focused with a portfolio of several projects including Gas Production, Gas Production Enhancement, and High Impact Exploration and Appraisal Corporate Update
Slide 2: Company Overview
Xstate Resources Limited Company Overview • California focused natural gas producer with Corporate Summary: ASX:XST as at May 29, 2017 high impact gas exploration and appraisal. Current Shares on Issue 783.5 million • De-risking the company from high risk Options @$0.05 (expire Dec 42.0 million 2020
Slide 3: Dempsey Project: Proposed sale to Raven Energy Limited
Dempsey Project Proposed sale to Raven Energy Limited • Xstate has agreed to divests its working interests in the Dempsey Project Area including existing production and associated infrastructure to Raven Energy Limited (Raven; ASX:REL) in a two stage transaction for all cash or cash and shares in Ra
Slide 4: Dempsey 1-15 Appraisal & Exploration Well
Dempsey Project Dempsey 1-15 Appraisal & Exploration Well • The Dempsey 1-15 well was spudded in August 2017 and drilling operations were completed in May 2018. • The well intersected numerous gas zones which are expected to produce ~1,200mcf/day once connected to the sales gas pipeline. W Dempsey -
Slide 5: Production Assets: Material production increases
Production Assets Material production increases Assets/Projects XST WI • Dempsey 1-15 well being connected to gas sales pipeline; expected to add ~1,200 mcf/d Malton Gas Field 30% gross to joint venture production rates. Rancho Capay 10% • Seven idle wells identified as work over / Rice Creek East G
Slide 6: Alvares Project: Gas appraisal prospect – XST 21% Working Interest
Alvares Project Gas appraisal prospect – XST 21% Working Interest • Alvares -1 was drilled in 1982 on a large anticline and encountered over 1,500m of gas shows and flowed gas to surface. • Plan is to assess integrity of the well bore to either: – Log through casing and perforate and test zones of i
Slide 7: Litigation Update: Singapore Supreme Court Enforcement
Litigation Update Singapore Supreme Court Enforcement • As previously advised Xstate is seeking to enforce the Western Australian Supreme Court judgment “(Australian Judgment”) against the three Singapore based defendants. • The Australian Judgment was awarded in favor of Xstate on December 4, 2017
Slide 8: Contact Details
Contact Details Cosimo Damiano Glossary of Terms Managing Director Tcf: trillion cubic feet Tel: +61 8 9435 3200 Bcf: billion cubic feet Email: cosimodamiano@xstate.com.au mmbbl: million barrels mmboe: million barrels oil equivalent Registered Corporate Office – Australia JV: joint venture Level 1,
Slide 9: Disclaimer
Disclaimer Extent of Information This document has been prepared by Xstate Resources Limited (“Xstate” or “Company”). This Presentation, including the information contained in this disclaimer, does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and ne