EXR elixir energy limited

Ann: Farmout of Mongolian Assets, page-15

  1. 2,748 Posts.
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    Spitballing here:

    US interests, Santos, Beach, Senex- whoever, wants to get their hands on our QLD assets.

    "we like your QLD blocks- we'd like to buy your leases please- but this Mongolia thing....we don't want a bar of it- just not our gig"

    "Ok- you can buy us out of the farmin agreement for $35 million AUD- we leave a potential upside of around $20mill on the table"

    "Sounds fine by me Neil- we'll add $30mill to the $600mill for QLD"

    "ta"
 
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