1.6 Billion bbls Of Prospective Resource
(WorldNews Environment)

ASX ANNOUNCEMENT 21 January 2020 1.6 BILLION BBLS OF PROSPECTIVE RESOURCE Mean unriskedrecoverable oil prospective resource of ~1.6 Billion barrels of oil net entitlement (after royalties) assessed for XCD`s 100% owned Project Peregrine Multiple stacked Nanushuk objectives able to be tested with two shallow wells (representing ~65% of the prospective resource) Torok (~10,000 ft) and Nanushuk objectives able to be tested using traditional North Slope rig (100% of prospective resource) ~US$250MM being spent on drilling in 2020 on Alaska`s North Slope by ConocoPhillips (8 wells), Oil Search (2 wells) and Premier Oil/88E (1 well) XCD Energy Limited (ASX:XCD) ("XCD or the...