Short Term Trading Week Starting: 03 Feb, page-32

Just to add to Malaga's post....EXR's recent quarterly also stated they have had a lot of interest from co's wanting to joint venture with them. A lot of their focus has been on the area they are currently drilling. The trading halt ann did state "pending an imminent operational update in relation to Nomgon IX well" (the hole they are currently drilling). So sounds like it's a major discovery, not so much in relation to a farm-in or JV (but that may come soon).

They have a 7 million acre mining lease in a PSC with the Mongolian gov right on the Chinese border. Rio Tinto has a massive copper mine looking to change over to gas power within EXR's PSC area and Mongolia's largest open cut coal mine is also within their PSC. So the coal/coal bed methane gas is definitely there and they also have a nearby customer to sell gas to should they find it. They also have HV transmission lines running through their PSC already. And their land is only 400km's from China's east-west gas line. Massive potential there....no wonder Richard Cottee wanted in