Hi Guys,
I am in for the long ride. Neil will give me a call next week with an update and hopefully I can give you some positives.
I have been in contact with Mongolia TMK who are also positive on this long drawn out process.
And I have been following Mongolia JGH who are also confident.
We have found so much gas in Mongolia... and have huge prospects in the Taroom at a time when the Australian Government has finally realised the severity of a significant gas shortfall.
Put it this way...why is Twiggy building a big Port Kembla LNG import terminal ? They are demanding $20 and have no customers.
It is the waiting that is the hardest part.
They did it in Australia. They can do it in Mongolia.
And in the meantime we have a beautiful backstop in a Taroom Super Basin at a time when the Government are desperate for gas. Actually we have two backstops, with the latest permit success announced last week .
The latest news of forthcoming power outages is due to Government apathy. This has been going on for years and now it is going to bite them in the balls. I have been saying this for ages.
Totally Apathy by repeated Govt's passing the buck.
I will try and give an update next week.
Best,
tui
EXR Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
