EXR 2.27% 10.8¢ elixir energy limited

2008 starts with pompano, page-2

  1. 1,579 Posts.
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    Pompano sounds exciting with 2p reserves of 56bcf and good chance of drilling success.

    However, the BCC website states that BCC bought 90% of Pompano for US$1.5 million in June 2007. EXR's 25% would be a value of only US$.4m at that price.

    Seems too much excitement for an asset that changed hands for such a low figure in June 07, or am I missing something?
 
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