EXR 3.45% 5.6¢ elixir energy limited

Ann: Prospective Resources Increased, page-101

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  1. 2,098 Posts.
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    Fantastic news and it's a step on the way to Contingent.

    If you look at minimum measurements here..we are right up there in potential TCF of gas. QGC has 8tcf of reserves as far as I know. So we are hot on the heels of that.

    Say we maintain a conservative view at 19% as the first figures 2 years ago suggested, we have STILL an immense resource under the ground.

    Not being privvy to what's happening in the office and lab, I wouldn't be too worried if we don't see Contingent figures until January sometime. Seems to be some lab delays so may be a hindrance.

    I see a ripping well appraisal program nextyear in considerably dry coal seams, putting a small rocket up the company and SP. If there aren't 2 or 3 large producers peering over the fence at this waiting for bankable figures I'd be very very surprised.
 
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