EXR 5.97% 7.1¢ elixir energy limited

I've bought a few shares under 10c.I could have bought more but...

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  1. 312 Posts.
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    I've bought a few shares under 10c.
    I could have bought more but I don't understand the negativity around this stock.
    • They were not targeting the lower sandstone, so that's an unexpected bonus and might yet be economic by itself or not. depends on flow rate after well clean up.
    • Likely Gas flowing to surface from 4 K down. (Pressure build up after lockin.)
    • Only stimulating 19% of possible pay
    • CTU on its way, testing to recommence this month if not already
    • Shell horizontal drilling and fracking near by, possibly the same sandstone we are about to test.
 
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