EXR 3.45% 5.6¢ elixir energy limited

I won't be attending (as I'm not a shareholder) but if I was I...

  1. 66 Posts.
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    I won't be attending (as I'm not a shareholder) but if I was I would ask:
    1. It looks like (slide 14 in the released presentation) the 2nd flow test didn't entirely stabilise. It looks like it had actually dropped to a lower rate than the first test, and the rate was still declining. How did they extrapolate to get the stabilised rate from that test? Was it actually lower than the first test?
    2. Did they actually manage to flow anything back after stimulating the Lorelle Sandstone, or is the "modelling" just based on the assumption that the frac worked as they thought it would?
    3. 2.5mmscfd is the "Economic flow-rate...for vertical wells". Is this when producing from one interval (the Lorelle Sandstone) only? Or for all the intervals? The "economic" initial rate could be different depending on which scenario they are considering, as the reservoir volume (i.e. rate decline over time/long term economics) will change. What decline did they assume for the Lorelle, vs the entire interval?
    4. When the tool became stuck in the hole, do they know what caused it? Was it anything to do with the experimental approach that is being employed in this well, and do they see similar issues as a risk of future stimulation in the well?
    5. Regarding Nomgon, they have high and low estimates for desorption pressure. Is this the high and low estimate for all of the coals to start desorbing gas, or is this the pressure at which they think any one coal will start desorbing gas. What is the mean/average desorption pressure (or depletion required to reach this) for all of the coal samples they have taken?
    6. Also for Nomgon, when they plot the current pressure trend, how big a volume/area are they considering to be the "reservoir"?
 
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