XST Xstate Resources Limited Company Presentation Portfolio of TCFscale October 2014 Prospects Onshore California
Corporate Information Shares on Issue 180 million Unlisted Options 17.0 million at 6-10 cents expire 31/12/15 19.5 million at 4-8 cents expire 31/05/16 2.5 million at 5 cents expire 31/12/16 Top 10 shareholders 35% Top 20…
The Xstate Board and Operating Philosophy Xstate has a small but highly experienced Board with complementary skills Chris Hodge (MD) is a structural geologist and petroleum geophysicist by training. Over a career spanning 35 years he…
Portfolio of Assets 23,000 leased acres (100%) Gas: Sacramento Basin XST (current) XST (with XST (with Prospective WI Option) option after Resource (100%) WI ** farmout) WI Sacramento Gas F Alvares Appraisal 25% 25% 12.5% 2 TCF…
California Strategy prolific old basins, new ideas Why California Strategy Proven and prolific conventional Innovative geological and geophysical petroleum systems and production interpretation to identify prospects history Take up…
AMI with AOC AMI with AOC Xstate has an AMI with Australian Oil Company (AOC) in California Shared strategy and outlook XST is 30% & AOC is 70% and Operator Shared Perth office and administration Small operations office in…
The Sacramento Basin Up to 10km Jurassic to recent marine and non- marine siliclastics Producing reservoirs Late Cretaceous, Paleocene and Eocene Produced 10TCF+ 15mmbo 47 discovered accumulations Largest field Rio Vista 3.5…
Alvares Appraisal Project - 2 TCF 25% equity (12.5% after farmout) The Alvares Project is on trend 50km from the geologically Alvares similar multi-Tcf Dempsey Tulainyo Project which is to be drilled by OXY (California's largest…
Alvares -1 Gas Discovery The Alvares -1 gas discovery was drilled within mapped closure over 30 years ago Intersected 1,500 metres of strong gas shows below 2,500 metres and flowed pipeline quality gas to surface Conventional…
Dempsey Prospect - 1 TCF gas exploration well 7 reservoir targets XST 10% equity - option to increase to 25% Individual reservoirs 80 3,700 acres Mapped from 3D seismic
Santa Maria Basin Porter Ranch Project (XST 22.5%) Porter Gross 9,051 acres Ranch Covers 2 large surface anticlines Naturally shattered Monterey reservoir at a depth…
Activity 2014 Exercise option to secure additional interests() Finalisation of farmout agreement Dempsey and Alvares Continue to generate new prospects and lease land Oxy drilling of Alvares lookalike well Tulainyo (best guess…
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