Perhaps we are on the cusp of desorption and the JV partner in Mongolia has taken an early leap of faith,with plans to drill and piolet all the basins immediately upon desorption spike which we clearly cannot afford without dilution via cr after cr but if the JV has that capability straight away then that puts our foot forward without pissin around to get it to where we need it to be for maximum value in a shorter time line ,freeing up all the cash we have to concentrate all our chips in Queensland with two wells instead of one due to no more need to direct funds to Mongolia ,giving us more chance of success before we require to raise again which also gives us more bang for buck with rnd rebates paying for half of it ,which we do not get on the drilling in Mongolia
EXR Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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