Thanks for sharing your detailed analysis @OilGasPlanningThose...

Thanks for sharing your detailed analysis @OilGasPlanning

Those amounts for ‘Calculated Target Going Concern Sale Share Price on 32% & 38% of Available Prospective Areas’ and ‘Transaction Based 2P Price/Share’ are attractive Still early days and no guarantees, but a fairly eye-watering risk/reward equation as Richard Cottee would put it.. and that was last year before making Mongolia’s first CSG discovery!

The incumbent government - under whom Elixir has successfully operated - was re-elected at the end of June (stated in 30/06/20 Quarterly), so an element of sovereign risk has been removed there. Also, a variety of new foreign mining and energy businesses are progressing nicely which are and will contribute to the Mongolian coffers.

Across our PSC there are many unexploited coal outcrops and where there’s coal, there’s likely to be gas underneath, which the Mongolian Government is all too aware about. The world’s top CSG experts, Australia, have been engaged to explore and monetise. A decade of work to get us to this point has included significant Government and Ministerial liaison. It’s a testament to our executive team that EXR holds Mongolia’s first unconventional oil and gas PSC in one of the world’s most prospective CSG areas, the potential that is starting to be realised is shown in OilGasPlanning’s modelling.

Hope all the Dads out there are having a great Father’s Day.