EXR Trading 2021, page-6386

Morning guys,

I messaged NY yesterday to try to find out if shareholders can expect an update regarding Nomgon specifically.

He said: "The plan is to provide regular updates for the entirety of the field efforts and an approximate monthly basis. This is partly to make it clearer that each individual well is not particularly material - rather is is progress on the "rinse and repeat" model that is shown."

Reading between the lines he is actually saying: too many shareholders are only looking at the short-term progress and don't take the big picture into consideration.

Main takeaway: MONTHLY UPDATES - that means even when a well is completed we won't hear about until the next monthly update. Which is fair enough, because in his view an individual drill result is not material enough to communicate to the market. He must have way bigger fish to fry