Flowing gas for coals at this depth is more than a challenge, yes massive resource/GIP very easy to show but the market wants substainable consistent flows above the "commercail" threshold reported by EXR.
Potentially free gas from fractures but the idea of gas despording with the likely permabilities well we will have to see - oh that Mongolia as well.
Do we have any updates or just waiting till the end of the year.
Significant increase in SP will come with significant gas flows not what might be, we are past selling the "potential" and the bigger investors will only be interested in real deliverables some one is going to have to commit some big cash to move this to the next level; they will also want to see a big upside.
Hopefully some impressive results in the next few days.
EXR Price at posting:
13.5¢ Sentiment: None Disclosure: Held
