EXR Trading 2021, page-5865

My other holding released results of its maiden drilling campaign. The market didn't like the results and the share price dropped 25% today. Mass exodus from a significant number of holders. It's the first hole of 8 holes to be drilled. 7 more to go and any one of the upcoming holes can turn the whole play around. The same thing can happen to EXR when it does it's maiden pilot production well. Who knows what the results will be? However, I remember listening to RC who said the first hole isn't usually the best hole, in fact, it may be the worse, but it gives the company data to move onto the next hole and de-risks the exploration activity further. Sure, it would be great if the first hole sends the sp to the moon, as we were hoping with Adavale. This is the nature of exploration stocks.