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5.3¢ elixir energy limited

Ann: Nomgon CBM Update, page-51

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MIKE008

2,138 Posts.

289

13/09/23

11:43

Post #: 69839010
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Originally posted by BasVermeulen: ↑

The techniques we will be applying in the vertical well will be cutting edge (hence the R&D rebate). So yes, if you compare vertical with horizontal wells you could say that horizontal wells are the ones maximizing production output, but are also super costly (Shell drilling 3 horizontal wells for $100M).

Vertical wells are cheaper, but can also still get great results. However, in our case I think we shouldn't look at it as "just a vertical well" as they will be applying new techniques others haven't used before. (OMA for example, they didn't get an R&D grant, so assuming they won't be doing anything new and go for the tested expensive horizontal wells).

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Thanks. I have been watching OMA thinking we would be doing something similar but maybe not. I'm still interested to see what they come up with though.

EXR Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
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Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $63.43M

Open	High	Low	Value	Volume
5.2¢	5.4¢	5.2¢	$75.87K	1.449M

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No.	Vol.	Price($)
13	819274	5.1¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
13	819274	0.051
21	2488119	0.050
3	265346	0.049
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2	113850	0.047

Price($)	Vol.	No.
0.053	13471	1
0.054	527750	3
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