EXR 3.70% 14.0¢ elixir energy limited

early birds club, page-4

  1. 37,286 Posts.
    lightbulb Created with Sketch. 400
    hi guys

    worth putting a few under the bed at current share price 33cents

    further delays with spudding Guinea Prospect.

    Guinea Prospect considered very high risk, possibility of success around 13-20%.

    so one would consider exiting before total depth is reached or if possible be free carried.

    if successful as per estimates EXR's net oil approx 12mmbls

    12mmbls X AUD$40bbl =AUD$480mm, current market cap around $25mm

    once drilling gets underway i'm sure we'll see plenty of interest with weekly updates.

    as usual DYOR

    regards
 
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