Even at 3 m3/tonne of gas...which is commercial elsewhere...We are in the money. It's a matter of slowly moving this SP up towards December now and booking a resource so that option holders will fund the next campaign while making small fortunes for their risks.
I'm personally glad that the company went ahead and drilled the strat holes and told us the status afterwards.
The management team know what they have to do and they are getting on with it. Not wasting time writing reports every week.
They have my full confidence and backing. They will deliver us to a first pilot well nextyear, lighting the flare with a shotgun like the good old days.
Now, anyone want to hazard a guess at what the SP will be when EXR posts a photo of a pilot well flare nextyear? Buckle up I reckon.
