EXR elixir energy limited

Ann: Quarterly and Appendix 5B Dec 2019, page-5

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    A sub-par outcome in one sub-area of the very large Nomgon IX PSC has little bearing on its overall
    prospectivity. For instance, in similarly sized areas of Queensland’s Bowen and Surat Basins, vastly
    different coal qualities and CSG outcomes have been encountered


    Comparing it to QLD's gas fields is a bit much to be honest but at least they have enough cash to drill a couple more before next raise, the game isn't over yet but the stakes just became considerably higher
 
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