EXR 1.10% 9.2¢ elixir energy limited

Ann: Quarterly Activities Report and Appendix 5B Dec 2023, page-21

  1. 4,088 Posts.
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    I have. You must be easily swayed by glossy marketing.

    To date Jade have delayed their pilot program from Q3 2023 to Q1 2024. Their proposed 3 hole pilot project, including 1000m x 3 lateral holes, is likely to chew up most of their funds. They've not flowed any gas so far, and are well behind EXR, and even further behind TMK.

    It doesn't matter how many hundred of meters of coal encountered, they've got to get it flowing at a commercial level.

    The time frames shouldn't blow out if the company's consulted with suppliers and contractors FIRST, rather than printing glossy brochures with timeframes that could never be adhered to.
 
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