EXR elixir energy limited

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Ann: Elixir Strategic Plan, page-53

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14/05/25

09:52

Post #: 79034169
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Originally posted by redfloyd: ↑

I get why EXR is planning to drill DD3 in Block A, as shown below. But why drill in the extreme north-west corner of the block? It's like they are conceding that Shell has the best ground. I wonder if they are doing this with some tacit understanding with Shell, or it's closer to piping infrastructure etc. I'm not an O&G expert, but I thought something more central to Block A, that is still covered by Shell's 3D seismic, would give a better understanding of the potential of the block.

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Dunno really but I guess that specific location because of the Dunk Sands continuation and the existing 2D seismic mapping,

Equals (IMO) a higher %chance of appraisal success assuming Shell have been successful to date in the Dunk Sands

EXR Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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