Excellent news with Yangir 1-S and the gassy new sub-basin! So...

Excellent news with Yangir 1-S and the gassy new sub-basin! So glad we got this hit as hopefully it will help underpin the share price as we come up to the option expiry date and more importantly, build up our contingent resource figures.

I'm grateful for the funds obtained from the converted options however, they've been a bit of an anchor to the share price over the last few months IMO. Not long to go now for them to expire/be excercised and once that happens, I really believe the share price will start to appreciate again.

A recent example of options weighing on a share price is in NVA as per the following chart:



Note the extended period of flat/declining share price NVA experienced as they came up to their option expiry date on 31 August 2020. As soon as end of August came (just prior actually around 26 August due to T + 2 settlement window), the share price started appreciating again.

I fully believe this is what EXR is currently experiencing at the moment and once the new year hits, is when we will start the upward trend again. DYOR and GLTAH!