And prior to the Mongolian asset Elixir Petroleum was chasing oil and gas in the US and Canada.
With regards to the Mongolian asset, It's not just one pilot, TMK are doing their pilot program with the aim of a commercial outcome and Jade are apparently undertaking their drilling program shortly. It's a given dewatering coals in Mongolia will take 12-24 months, but when gas break thru occurs, at a commercial level, concept is proven up and the assets of various Australian small cap explorers can be sold off to an entity or entities who wish to develop to commercial level.
I too got in because of the Mongolian CBM project and Richard Cottee's history, but have realised the pivot to Queensland acquiring ATP2044 was simply brilliant on the company's behalf and the progress to date has been exceptional. Given a few hick ups along the way but that's a given, we're about to declare commerciality on this project with flow rates, get a JV on board to continue our march forward, and then hopefully sell off and repeat with ATP2077.
EXR Price at posting:
16.5¢ Sentiment: Buy 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)