Good news someone has cleared the blockage, should we not have been informed from day one the well was left in that condition ?
And where does all this put us in terms of cash and being able to get well passed the stimulation and waiting for results before we do a CR; even if we bring in a partners who pays, and that's not clear, we need cash to function and progress anything.
And Mongolia ? the flagship project where we have first move advantage and a 6 month max pilot. We will have an idea of where this is going re dewatering and gas flow but very big concern we are doing a far east energy.
Like most juniors we have adopted the shit or bust approach and even with good results any upside will be measured against the market wanting real value for its contribution. Its a slow move up or a road move down.
EXR Price at posting:
10.0¢ Sentiment: None Disclosure: Held
