EXR elixir energy limited

Ann: Farmout of Mongolian Assets, page-13

  1. 2,748 Posts.
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    Remember- it's not like there's no gas there.
    There is an incredible amount of gas in the vast array of coals- we know that.

    It's the cost of getting to it that's the inhibitor, whilst also appreciating we are absolute pioneers in assessing and accessing that geology- there is no playbook- everything we do is discovery work.

    Simply- Nomgon de-watering is taking longer than we thought, and probably needs a lot more work - with all the associated costs of that.

    90% of us invested in EXR because we believed Mongolia would come up trumps.

    It hasn't.

    Suck it up, or move on I reckon.
 
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