$XST Xstate Resources Managing Director Andrew Bald on next steps for Diona-1 Gas Discovery, focusing on fluid removal and well flow. @XstateResources #XST #Gas #Energy #ASX

$XST Xstate Resources Managing Director Andrew Bald on Diona-1 Gas Discovery – Operations Update and fluid removal plans. @XstateResources #XST #Gas #Energy #ASX

$XST Xstate Resources confirms Diona-1 well as a discovery with consistent gas flow and plans for fluid removal to enable pipeline connection. Full ASX announcement here: cdn-api.markitdigital.com/ap… @XstateResources #XST #Gas #Energy #ASX

$XST Xstate Resources updates on Diona-1 gas discovery. Well flows hydrocarbons with flare. JV committee reviewing solutions to remove completion fluids. Strong reservoir pressure at 1,600psi. @XstateResources #ASX #XST #Gas #Energy #SuratBasin

@XstateResources (ASX: XST) has provided a further operational update on the Diona-1 gas discovery, reaffirming confidence in the project and the broader Taroom Trough unconventional play Key highlights from the announcement include: • Diona-1 confirmed as a gas discovery by the Company • Hydrocarbons flowed consistently to the surface with flare throughout testing • Surface wellhead pressures built to around 1,600 psi during shut-in periods • Gas flow continues to be restricted by a large column of remaining completion fluids • Joint Venture Technical Committee convened to accelerate fluid recovery solutions • Multiple industry-standard optimisation methods are now under review, including nitrogen lift, capillary tubing, and velocity string installation Importantly, XST stated it remains highly confident that once the completion fluids are removed, the well can achieve flow rates suitable for connection to the nearby pipeline for long-term production testing. Managing Director Andrew Bald commented that the Diona-1 well “remains a significant discovery for Xstate”, highlighting its importance in extending the western boundary of the Taroom Trough unconventional play. Full report here: cdn-api.markitdigital.com/ap… #ASX #XST #Energy #TaroomTrough #Queensland #Exploration $XST $XST.ax

@XstateResources (ASX: XST) has provided a further operational update on the 𝗗𝗶𝗼𝗻𝗮-𝟭 𝘄𝗲𝗹𝗹, with the Joint Venture continuing to progress testing activities within the Taroom Trough Key highlights from the update include: • Approximately 46% of injected stimulation fluids have now been recovered • Diona-1 continues to produce gas at near-zero impurity levels during flow back operations • Artificial lift systems are being assessed to accelerate fluid recovery and recommence testing • The JV has engaged Sproule ERCE to begin the process of booking an independently certified Contingent Resource • The project continues to demonstrate the potential for a material Permian gas-condensate resource within the Surat-Bowen Basin Importantly, the announcement highlights the strategic positioning of Diona-1 adjacent to existing infrastructure, including the Waggamba to Silver Springs gas pipeline, supporting a potential fast-track pathway toward future production. The Diona-1 well is held through the ATP2077 Joint Venture, with Xstate Resources holding 51% and @ElixirEnergyASX (EXR.AX) 49%. Read more: tinyurl.com/4j4mawub #ASX #XST #Mining #Exploration $XST $XST.ax

$XST Xstate Resources is continuing optimisation work at Diona-1 as fluid recovery progresses. The JV is targeting reduced hydrostatic pressure to support natural flow, while also progressing contingent resource certification and tie in planning. @XstateResources #ASX #Energy

$XST Xstate Resources said Diona 1 met its exploration objectives, confirming an over pressured and recoverable Permian gas and condensate resource. View the ASX announcement for details: cdn-api.markitdigital.com/ap… @XstateResources #ASX #OilAndGas #Energy

The consistent flare and pressure data continue to reinforce the broader potential emerging across the Taroom Trough as testing and clean-up operations progress. With the well confirming the presence of an over-pressured and recoverable gas-condensate resource, here's what @XstateResources (ASX: XST) Managing Director Andrew Bald has to say following the latest Diona-1 update. You can find the full report here: cdn-api.markitdigital.com/ap… #ASX #XST #Diona1 #TaroomTrough $XST $XSt.ax

@XstateResources (ASX: XST) has announced a significant breakthrough at the 𝗗𝗶𝗼𝗻𝗮-𝟭 𝘄𝗲𝗹𝗹, confirming the presence of an over-pressured and recoverable Permian gas and condensate resource within the Taroom Trough. Key highlights from the announcement include: • Diona-1 successfully met its exploration objectives • Hydrocarbons flowing at the well with a stable flare maintained on site • Initial shut-in pressure data indicate reservoir pressures of ~4,300 psi • The well has demonstrated a strong gas response during assisted unloading • Flow testing and clean-up operations are continuing • JV to pursue an independently certified Contingent Resource The Joint Venture also confirmed that planning has commenced for tie-in and connection activities as the project progresses toward sustained production following the clean-up phase. Managing Director Andrew Bald described the results as “a genuine breakthrough” for both the Diona block and the broader Taroom Trough, noting the results support the extension of the Basin Centred Gas play further west than previously recognised. Read the full report here: cdn-api.markitdigital.com/ap… #ASX #XST #XstateResources #TaroomTrough $XST

$XST Xstate Resources says testing at Diona 1 has confirmed the presence of an over pressured and recoverable Permian gas and condensate resource at ATP 2077. ~45% of ~6,400 barrels of completion fluids recovered with wellhead pressures building to over 1,250 psi. @XstateResources #XST #ASX #Energy

$XST Xstate Resources achieves key progress at Diona-1 with gas and condensate now reaching surface, marking a positive start to flow-back testing in the Surat Bowen Basin. @XstateResources #XstateResources #ASX #Energy #GasExploration

This location map highlights the strategic positioning of @XstateResources 𝗗𝗶𝗼𝗻𝗮-𝟭 well within Queensland’s 𝘛𝘢𝘳𝘰𝘰𝘮 𝘛𝘳𝘰𝘶𝘨𝘩 in the Surat Bowen Basin. As you can see in the image, nearby gas and oil fields, export pipeline infrastructure, the Silver Springs Gas Plant, and the Waggamba pipeline demonstrate the project’s proximity to existing energy infrastructure. The map also outlines ATP 2077 and the Diona sub-block, placing Diona-1 within an established hydrocarbon region. Our close access to infrastructure supports a rapid path to commercialisation if testing delivers commercial flow rates. #ASX #XST #OilAndGas #Energy #TaroomTrough #Queensland #Exploration $XST $XST.ax

Flow back operations now underway at Diona-1 in the Taroom Trough, marking another key milestone for @XstateResources as testing progresses across the gas-condensate target zones. #ASX #XST #XstateResources $XST $XST.ax