the European winter has been delayed this year, most capitals experienced the warmest Christmas season ever so demand for energy hasn't met usual levels.. gas is down to $4.10, still higher than it was when I first got in to elixir but far from the high in the $8 to $9 range we had... the northern winter has to hit Europe at some stage, not that I'm wishing it happens, just being realistic, it may not be the coldest northern winter in Europe but it gets bloody cold up there...
I think we are a minimum of 12 to 24 months away from any takeover news.. IMO we will start production with the small 10mw plant to prove it works then scale up to supply surrounding areas, including rio's coal mine and prove up more basins of course....
would a new resource estimate for whatever we have discovered so far be a good thing..?? I think we need to prove up more than just 26bcf of gas after all the basins we have drilled which came up with gassy coals...
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