As per Neil's latest video interview on 1st August, the timeline is as follows:
1st August 2024 = Coiled Tubing Unit (CTU) through customs and enroute to the site. 1st August - 10th August = CTU will be mobilised and mill the plug over the Lorelle Sandstones. 10th August - end of August = CTU will be moved to the Shell site next door for use there. Lorelle Sandstones will be flow tested.
Early-Mid September = CTU will be back on site and stimulating the other zones above the Lorelle Sandstones.
Conservatively by beginning of November, we will have the full flow rate which only needs to be double that of the Lorelle Sandstones to be commercial.
With regards to Nomgon, comparing the gas desorption pressures reported by TMK and looking at our pressure drawdown rate, I call BS on Nomgon flowing by end of the year however it should flow by May/June next year if they can continue to dewater at the present rate and then there is the Rio mine nearby etc. for offtake / electricity.
EXR Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
