EXR (ASX) Ann: Elixir adds new Taroom Acreage

Originally posted by mad hare: ↑

The question should be are you happy with the reporting from EXR re Mongolia !

For me the pilot started well and initial results positive and as one would expect slightly oversold on the forward nature of what this meant then water, did we have no idea or was it assumed we would get or what. The explanation pumps was not right we did not mange it correctly and a revised program started with the "its just CBM its always like this till we understand the reservoir characteristic " well that was not the statement when we flowed gas at the start we had a different view then!.

And subsequently what and were are the updates on the draw down, do doubt we can get the standard water/gas curve out and show where we are on it. What's the realistic timeline to get from A to B as an experienced operator with access to all this leading industry experts we must have observed and measured the change and trend and have an idea of where we are going with this and will have put in the reservoir model or just playing for time (old record but this is out of the FFE book which i think NY is well up to speed of).

We can cover H2 and and but we all know its very blue sky and its not happening any time soon, renewable resource is well understood, nor really is it about H2 electrolysis technology as the progress by the Chinese is well known, so about how to get to match and cost so its not about that its about and yes China is a big market but they can built within in Inner Mongolian and other bordering providences

And then we have grandis, and the month or so and the state the well was left in by what is one of the worlds number leading service providers - what type of contract did we have in place!.

We all, well i hope all investors do, realise they way facts, or selected facts are presented but there has been a lot of room for improvement. Mongolia was our flagship project and the reason most people hold and to have a news black out because we either got the technology/well management/design wrong or after all just do not know and we hope to see some light at some point is poor - but don't worry we have Grandis and our new acreage and a CR shortly.

Who reports better, thats a hard one as most exploration are presenting a very positive case but from what I follow AKM have improved significantly with the change in CEO on both reporting and delivery, CVN under the old CEO reported well have gone down hill since the change, FAR back in the day when they had a stake in their project before they gave it away technically reported well but overall very poor and again all down to the CEO. SMR improved significantly before their big rerate and again change of CEO. The common factor appears to be the quality of the CEO as most boards do little to regulate their efforts in the interest of SH and the past reputation of some of theses members is just that past.

The message you have the information keep SH informed the investors know the game better than the CEO's, all explorers will need cash once past the mums & dads phase like we are now.

Expand

Im ok with whats been released about Nomgon. Thats what I was referring to. H2 is a nothing for me and im not interested in it.

In short, there isnt anything thats occured with the Nomgon pilot that I have not seen before or didnt expect. Its being managed pretty well in my opinion and if there isnt alot to say, there isnt much point pushing news out to satisfy people for the sake of it.

They have plenty of people on board to develop it from where it is and if it retuens commercial flows, we will all be told asap. Otherwise its all pretty uneventful before that.

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