EXR elixir energy limited

Ann: Daydream-2 Stimulation Program Successfully Concluded, page-55

  1. 2,748 Posts.
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    As mentioned above- we can not 100% discount a calamity with the coals NOT flowing viably.
    Nothing is guaranteed, and we are pioneering effort here- a lot can and does go wrong- despite best efforts and a shedload of hope.
    Taylor Collinson in their latest report suggest any geological problem is solvable- (it just takes time, effort and probably many many monies), so even if we don't viably flow these coals in this initial lost cost effort, all is NOT lost- we might just be in a slightly less attractive position negotiating with a potential JV partner.

    However- now the BULL case scenario and some background as to the nature of the coals, and the size of the prize:
    **as ever- DYOR etc etc

    A)- gas absorbed to the coals- lots of it- more than we thought initially



    https://hotcopper.com.au/data/attachments/6397/6397789-6fb7d8810779160c5c06a0cbc55d8380.jpg
    https://hotcopper.com.au/data/attachments/6397/6397804-a95c736ef2f0803663d42065ab13d717.jpg

    B) the nature of the coals- clay rims etc:

    https://hotcopper.com.au/data/attachments/6397/6397807-7617b25adbd5d0aaa4974dc6222a87da.jpg


 
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