Back to us now, and Grandis.
Neil was very upbeat.
This detail below is the most extensive yet we've had on DD2, 500m of prospective reservoirs!!!! - and rather staggeringly, alludes to a potential future 500+ well environment (mix of types- whatever suits the conditions....vert, horizontal, whatever) - and he actually said in his presso it could be more than a THOUSAND......similar to the early days of QLD CSG activity.
EXR are in the business of prospecting and proving up to a stage to either partner and expand activity, or more probably, flick the asset and take that cash to both (we hope!) return some capital to patient shareholders and to accelerate other asset progress AND I predict, seek new plays going forward.
We are primed folks.....given yesterdays progress update, all seems to be on track.
Some good news leading up to Xmas and then the really juicy news on flow testing and resource upgrades next year.
Then we sell this puppy to Santos, Shell, TriStar, whoever....get a capital return, and really start getting after Mongolia.
Simples
Just takes time.........
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