EXR 1.89% 5.2¢ elixir energy limited

it will be in the hands of the auditors, I imagine that the 2C...

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    it will be in the hands of the auditors, I imagine that the 2C will increase overall, the reserves booking (1,2,3P) will be a subset of the Nomgon area, which is fine. it are P numbers , the actual reserves, that are bankable, they are the deciding numbers on the value of the company and it's acreage. The auditors in their wisdom may decide based on "analogy" to assign 3P numbers to areas away from Nomgon, that would be great. But that depends on all the geo, seismic , log and cuttings data to establish this analogy. It may actually happen, it's done so in the past in other areas/countries and basins. Crucial is of course a successful outcome of this pilot test, the gas is there, the gas saturation is very high, it is now determining how much coal is connected through fractures to the pilot wells, ie the permeability equivalent. This will the ultimately decide the well spacing and/or well configuration. But it will work, EXR can make it work.
 
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