EXR 6.67% 9.8¢ elixir energy limited

Ann: Operations Update, page-113

  1. 96 Posts.
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    On the subject of 'use of the English language used in the announcement', I hope the the word "countered" was just a typo for "encountered".

    Excerpt from announcement - "The Top Diamond LLC rig has now moved to a new sub-basin in the PSC. It has recently commencedthe drilling of a new exploration well called Kingston-1S. As at the date of this update, the well hasalready countered coals".

    They got it right in the Highlights section, using 'encountered' but 'countered' sort of implies 'argue against' (usually against another statement that may have been made). I trust they are not saying we've found Triassic substrate - countering coal presence???

    Just an unfortunate choice of word I think and I trust they will soon confirm the presence of a thick Permian coal bed at Kingston 1S.
 
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