EXR 5.71% 9.9¢ elixir energy limited

"Although the ultimate extent of these sandstone reservoirs are...

  1. 4,059 Posts.
    lightbulb Created with Sketch. 593
    "Although the ultimate extent of these sandstone reservoirs are unknown, there are clear indications that a quality reservoir is present – potentially over an extensive area, given the correlations with Dunk-1. Identifying the extent and thickness of these sandstones are now a firm part of Elixir’s plans going forward."

    So the plan is to determine the extent and thickness of these sandstones. My interpretation is at least another hole needs to be drilled, if not two. Where are we to get the money from or who will fund it? I assume any positive outcomes from the stimulation and flow testing will bring a partner on board, preferably, other wise we'll continue to dilute our holdings.
 
watchlist Created with Sketch. Add EXR (ASX) to my watchlist
(20min delay)
Last
9.9¢
Change
-0.006(5.71%)
Mkt cap ! $112.2M
Open High Low Value Volume
10.5¢ 10.5¢ 9.8¢ $351.2K 3.504M

Buyers (Bids)

No. Vol. Price($)
2 92016 9.9¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 10000 1
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
10.0¢
  Change
-0.006 ( 2.63 %)
Open High Low Volume
10.3¢ 10.3¢ 9.9¢ 1500383
Last updated 15.46pm 17/06/2024 ?
EXR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.