Ann: Trading Halt, page-60

I'm confused by how this relates to EXR, apart from the involvement of Richard Cottee?

QGC had:

1. Shallow/cheap CSG wells that flowed at good rates and didn't require much in the way of dewatering
2. A tightish Sandstone appraisal well that barely flowed (see below from WCR).

EXR have:

1. A CSG play that hasn't flowed much gas, has been dewatering for a while and, perhaps concerningly, has been noted to have "good reservoir pressure support" (announcement 24th March 2023) - this would be good in a conventional reservoir, not always in CSG where you need to deplete.
2. A deep tight play that has flowed gas, albeit not at incredible rates for a deep well (1MMSCF/d is great from a cheapo CSG well, not so much from a deep $$$ well).

Essentially, they are in almost the exact opposite situation.

1.