EXR Trading 2023, page-804

CBM is an interesting prospect, but I would prefer to see it closed out by the end of this year, do three flow tests and map as much of the Coals as possible, then flick the asset for 500m-1b. I don't like the idea of waiting on China for methane, that relationship needs kid gloves at all times. Use the capital to move harder on Grandis and focus on gaining either a larger 2P value for sale or go market supply at the generous rates we get here in Australia. Get past pilot with capital in the bank for Gobi and then sell that too, then liquidate the company and give everyone a nice bonus, or sell to a funds manager or global energy developer and allow SH to rake dividends off a diversified portfolio.