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11.0¢ elixir energy limited

Ann: Suspension from Quotation, page-37

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Wonkers

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29/04/24

11:30

Post #: 73555563
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Originally posted by jctrout: ↑

They did this when they sanded in the Nomgon wells last year, so they may be rectifying a problem before it affects share price. Daydream was the last great hope for the company with the water table being so shallow in Mongolia.
This approach in daydrem-2 was always a long shot, microbead injection has only been done a handful of times in the USA and we have no expertise here to do it - I flagged the engineer early last year as a BS artist. Design and timing is smoke from my view for how the FK do we make this work now?
Even if they did succeed, the ask is for $25m wells that fail 1/5 to produce relatively marginal gains. Porosity and permeability changes in the fractures with this technique is one thing, but it won't create vast free-flowing resource needed to generate the BCF needed to justify these types of wells unless there's highly varied strata.

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You could be 100% correct, in which case I have no doubt you'll be back here to gloat and prance about, glowing in our demise.

But you might well be wrong...and I'd bet you won't have the decency to come back here to admit you were, and that perhaps the engineer might not be a BS artist.

Let's see eh?....easy to run yah mouth in the absence of fact.

EXR Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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