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Market warms to Xstate-Sacgasco following unexpected Borba flows

THE X-State and Sacgasco joint-managed Borba 1-7 Gas Well has produced initial test results of 2.1 million cubic feet of gas per day during second stage testing, far higher than original predictions of 1.6MMcfpd the two said Friday. 

Jonathon Davidson
Market warms to Xstate-Sacgasco following unexpected Borba flows

The result drove double digit movement in both junior's share prices by Friday's close with Xstate Resources Limited, who own a 33% stake in the Borba project, enjoyed an eye-catching rise in their share...

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