look congratulations on buying at the right time yes we all know about LNG and ho much is needed for there but look at blue energy sitting on probably one of the biggest gas resources companies doing absolutely nothing. It doesn’t matter what you’ve got in the ground. It doesn’t matter at all what matters in this sector is who’s got the most money who’s got the most connections and who’s really willing to take this thing to production? EXR aren’t even interested in becoming in production therefore they need a JV which will take years of years and a lot of millions of 100 millions of dollars to be spent to get that Jv because they’re gonna have to do some real serious drilling what they done so far does not mean nothing. You need to be 100% sure of making big bucks and getting it to those plants which companies are gonna want to see professional board be able to to do that a lot of companies aren’t gonna want to get involved in a company that has held by 80% retail for one plus all the options are gonna give free options when you invest in these type of companies you need to invest in the people running it. You look at the Stella team. Oma have the Flannery Tri-Star crocodile. It’s all backed up by people that are in the business. I mean TriStar could get this thing to production on their road. That’s the Key. We all know Gas is there. We all know that it’s needed but that doesn’t mean that all these companies can get it out of the ground and get it to the source where we needed to. It’s gonna cost millions of millions. I did the numbers and I reckon it’s about 100 million bucks, there’s a lot of horizontal drills. Gonna have to put vertical drills not a JV and if you don’t believe me don’t talk to Neil go talk to someone else in the industry as I have done that’s why you’re sitting at 80% retail.
EXR Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
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