1. Remember geological context, higher reservoir pressure in...

1. Remember geological context, higher reservoir pressure in EXR’s CSG play might indicate a larger gas resource potential that, once adequately dewatered, could lead to more substantial production. And deeper gas plays are the norm now.

2. The technology has improved drastically because since QGC’s time, there have been significant technological advancements in drilling and gas extraction techniques. EXR may leverage these improvements to optimize production even from reservoirs that initially show challenging characteristics. For instance, modern dewatering techniques and enhanced recovery methods could significantly improve flow rates over time.
Let's not forget horizontal drilling too.

3. The strategies of EXR and QGC are tailored to their unique operational circumstances. While QGC benefited from shallow, high-rate CSG wells, EXR’s strategy involves a longer-term approach focusing on unlocking deeper, tight gas plays. Although initial flow rates from deep wells might seem modest, these plays often have substantial long-term production potential that justifies the initial investment.
Just look at Shell next door investing 150mil in drilling campaigns.

4. Richard Cottee’s involvement brings invaluable expertise and strategic vision, which were instrumental in QGC's success. His experience can help navigate the complexities of EXR’s projects, identify the right technological and operational approaches, and ensure that the company adapts to market dynamics effectively. His track record provides confidence that EXR's challenging situations can be managed and turned into profitable ventures.

5. We should consider the growth trajectory and potential of EXR's assets rather than a direct comparison with QGC's past assets. EXR’s dewatering process, though currently slow, might be laying the groundwork for a significant production ramp-up. The company’s ability to sustain operations and improve flow rates over time could lead to a substantial increase in asset value.

Like I said history, while unique in its cadence, often echoes past lessons, defining our resilience and evolution.