A side note I finally had a chance to rewatch the latest Crux Investor NY interview and will try and summarise key takeaways below:
Hydrogen play is aimed not at now but the 'ultimate owner' again strenghtening the obvious desire to have this company purchased.
Fully financed for a few years to come, with amply cash in the bank even after the expenditure involved with 2022.
13 (11 encounter coals at varying levels) wells drilled thus far (in 2021?) with 20 the target which stacks up with the remainder of the operations updates expected.
Currently shooting more seismic which if I recall correctly required specific approvals through governance. NY eludes to the preference on 2D seismic for now with 3D potentially more viable in the future; however with the cost effective nature of drilling Mongolian is may be perhaps a moot point.
CURRENTLY sourcing information/designing the long term pilot test aimed for 2022, noting they are already testing flowing fluids to the surface etc (!)
Eludes to the relentless approach continuing but in a controlled manner, aligning with what's feasible skillset wise. Further points to 20-30 wells expected next year? Or did I misinterpret this? On that, I would assume a large amount of effort being put toward Pilot Tests so it's pleasing to know we will still be punching out explorative drills at the same time. It is with this it's worth mentioning, AT LEAST IMO, those who are disgruntled by the SPP timing and price perhaps take a broader look. Regardless of the market, world news, issues etc - we are cashed up, prepared and ready to rock and ... drill.
Interesting points regarding current Hydrogen costs... 50% of the current cost is coming from renewable energy (Wind/Solar) which Mongolia has access to in abundance. You would think that considerably lowers the cost of hydrogen only add to its feasibility - all in close proximity to China (think Inner Mongolia which uses 5.2% of China's energy - Green Steel?)
Financially, institutions will be more likely to move away from coal investments (I very much assume this is already happening) fad or not; those institutions will soon be looking into 'Green' investments.
Mentions the potential for a dual listing/potential to one day not be trading on the ASX - I interpret this as a point on the sale of future owners decisions.
I took more points away but my brain is fried this evening, would love to discuss some of the points - I suggest everyone watches the interview.
My tip is an Operations Update Friday - in true NY fashion.
