OMA appears focused in reporting their exploration program and targets and hence their resource to reserves calc, backed up by real exploration results both technical and hydrocarbons at the surface, have credibility as does their forward exploration program.
Neil been Neil went for blue sky scatter gun approach, as in Mongolia, and trying to show "basin potential" rather than commercial reserves. I think most serious oil and gas exploration investors are over that approach some years ago along with "by association/next to someone else". when it comes to comparable numbers.
Hopefully our new CEO can use the data we have and progress but we are some way behind OMA.
EXR at current prices for a new investor is likely and ok punt (subject to ones view of risk) but we carry a lot of "weight" of previous investor losses as can be seen by the posts on HC.
EXR Price at posting:
2.9¢ Sentiment: None Disclosure: Held
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