"Following last week’s announcement of the option granted to Entek Energy Limited (ASX:ETE) to acquire Elixir’s Alaskan portfolio of assets for up to 200 million Elixir shares, the focus of the Company will shift back to the high impact Mongolian CBM opportunity identified by Elixir over 12 months ago. Elixir and GOH are well advanced on the initial exploration activities in preparation for an active 2019 exploration programme, which is designed to de-risk and prove up what has already been identified as a potential giant resource proximate to the Chines border".
EXR Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held
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