With only sitting on cash, I propose the company should merge with Incremental Oil & Gas (IOG), an US-based oil and gas company with production assets in California.
The company is US-listed and getting good cashflow, in order to expand further, EXE's cash reserves could play a key role in this. We can go beyond the Galilee Basin and rather than taking on high risk exploration assets in Australia which is likely with high costs. The US is a cheap place to operate with low political risk, but far less red-tape compared with Australia.
I also like to request that Brian Barker should step down from the Executive Chairman role, since all this time, I don't think he has done a good job at all. Sitting on just cash isn't making the company moving forward at all.
Lets all learn what NSE did, I think its a good example to take upon.
EXE Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
