This part of the update, works with the Labor party outlines for enrrgy supply gaining on projected gas shortfall Q3 and transition targets for 2030. The company is condensate processing if I'm correct, with an aggressive drilling program adjacent to Elixir tenement CR territory. Would appear Queensland government will be supportive of their investment in Inland Oil.
Which by default, Raises the value of Elixir just by proximity to adjacent drilling exploration results, refinery and distribution capabilities once a PR.
Its about how much money left in coffers to turn CR to PR? imo, Further Dilution is a worry for EXR shareholders, unless a take over brings this baby home.
Perhaps the EXR team departing is hoping that 49% Mongolian asset will still produce a net worth greater than 10 million as stated at 30 million potentially.
Its all very sketchy to understand in such a tumultuous time. i don't see how the Trump administration can put a wrench in the works of foreign oil and gas exploration in an Allied Country as such, only the other way around. Unless it's owned in part or whole by a US entity.
Eeverything seems to be hinging on a tightrope budget though. Leaves sh's wondering . GLTASH, LT.hr's especially
EXR Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)