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5.6¢ elixir energy limited

Ann: CBM Pilot Passes Key Milestone, page-256

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AM27

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10/02/23

16:39

Post #: 66185231
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Originally posted by zedcorp: ↑

What takeover?
There won't be one for a very long time,
By the time we can prove up resources and commercial flow rates from multiple pilot wells it will take years.
Look ar the lead times on getting NOMGON 8 & 9 up and running. granted, Covid didn't help, but it will be late 2024 before we see another pilot well and flow rates. I don't know for sure but NO pilot wells scheduled this year suggest that 2024 could see another one started, along with long lead times and dewatering, it could be 2025 by then. SP is languishing because of these facts. Again most of us SHs speculate or read between the lines with every Ann's. No forward statements from our Board regarding successful NOMGON flow rates and what will happen thereafter.
I know it's a long game in the CSG sphere, but one needs a carrot occasionally to look forward to.

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wont they be able to relocate the pilot plant from nomgon to big slope/yangir on completion. no point leaving pumps down hole for years until they develop the field.

EXR Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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