EXR 0.00% 5.6¢ elixir energy limited

Ann: Operations Update, page-67

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  1. 3,126 Posts.
    lightbulb Created with Sketch. 5977

    Speculatively, Im pegging Yangir will hit minimum 0.5 TCF, it is early days yet, but this is a big result. Hole did not reach PTD, thats another biggie.

    Manlai not written off...still there, just need to sort out drilling issues.

    Kingston 1S already in coals!! wow.

    With all the cap raise money and all the drilling coming up...it's almost worthwhile the company considering employing a drilling manager; sourcing and buying a rig from the US (theres heaps of stuff lying idle there); and JVing the drilling with Top Diamond - with a carrot for Top Diamond being maybe get to keep the rig after 3 years (that way they'll take care of the gear). Its not "core" business, and its another "headache" but its one way of getting some good gear into the mix and payback could be a "reduced" drilling cost.
 
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