EXR 3.64% 5.3¢ elixir energy limited

uk closed at 37.00p (aud$0.8740), page-17

  1. 7,063 Posts.
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    re: re:hi dyno activity in uk & oslo last night I think that 13% is 12.5% rounded up :)

    I remember, the structure is a strategraphic ... meaning it requires a thick enough reservoir to hold the oil and then for the reservoir to diminish and be encased in sealing layers. I think that's where the risk is, guaranteeing a valid trap is totally enclosed and hasn't leaked.

    Strategraphic traps are generally high risk but these channel / erosion / Buzzard type plays have proven the trapping mechanism has worked elsewhere so .... maybe ????.

 
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