EXR Trading 2023, page-566

I personally am excited for the potential CSG project and from what I can tell, from my experience and research and asking countless questions over years, is that I havent seen anything technical in our approach that tells me that we dont have any gas. Also I havent seen much to suggest we cant get it out.

If the gas is there, we will get it out and we have a monstrous market which we can supply for probably 40% less than current suppliers. I have no idea about commercial sales from our potential project but I know our profit cut will be significantly better than anyone sending LNG to China.

The extra projects are cake on the side for me. Additions im happy with so far. I have my own issues with use cases for H2, but industrially there's a huge chance to displace current dirty reformed H2.

Grandis also has potential to be a couple of TCF and I would say we will sell that to an operator if it drills successfully. Who knows, but I don't know if we would actually operate that. We may just take shares in operations. I'm not a commercial gas professional so I don't know.

One thing I am absolutely certain of is that the Nomgon Pilot has some of the most experienced people you could find working on it and I have alot of faith in them.

I am holding. I bought in years ago and have never sold down. I did add at the last CR but mostly just to say I did to support them somewhat. My purchase was modest then.