daytrade diaries... may 22, page-22

exe chart looks primed

check out parts of the deal, currently exe 12c and exeo 3c if it got to 40c for tranche 1 exeo will be in the money and a 7 bagger



Tranche 1 One third of total Performance Shares
Exoma entering into one or more farmin agreements under which the farminee(s) have an obligation to spend at least $20 million on exploration for the development of the ATPs.
OR
The volume weighted average price of Exoma shares traded on ASX for any 15 consecutive trading days (“VWAP price”) being at least 40 cents.

30 months from date of issue of Performance Shares.




Tranche 2 One third of total Performance Shares
Certification by an independent expert that the ATPs contain contingent resources of 200Bcf of gas.
OR
The VWAP price being at least 50 cents.




42 months from date of issue of Performance Shares.
Tranche 3 One third of total Performance Shares
Certification by an independent expert that the ATPs contain contingent resources of 1Tcf of gas.
OR
The VWAP price being at least 60 cents.

60 months from date of issue of Performance Shares.