Xstate Resources raises $500K for Sacramento Basin work

AUSTRALIAN-listed junior oil and gas producer Xstate Resources has raised A$562,000 through sophisticated investors to fund a workover at its Sacramento Basin gas project in the US.

Xstate Resources raises $500K for Sacramento Basin work Xstate Resources raises $500K for Sacramento Basin work Xstate Resources raises $500K for Sacramento Basin work Xstate Resources raises $500K for Sacramento Basin work Xstate Resources raises $500K for Sacramento Basin work

Xstate, which is listed on the ASX, owns working interests in minor onshore gas projects, known as the Borba and Alvares projects in the Sacramento Basin - one of the more prolific basins in