....Neil is copping it fair enough but from my point of view he is atleast keeping hope alive with recent santos deal, ability to execute cheap daydream vertical well and transition from Mongolia which would otherwise have the share market cap at 10M like TMK.".....
Santos deal is not quiet clear.... its a suddently escape news..... yes, EXR will do the vertical and in a total gamble scenario, if its successful, then Santos take it from there for the horizontal..... but... its a massive gamble...
Grandis.... LOL there is nothing about it..... There will be no JV for a long long time... no majors wants to even touch it.... its a total failure on DD2 anyway.... 1.0 MMCFPD
What should have happened was a CR at 5 cents in the first place and a DD3 drilling..... that would be far more productive for the company and totaly more soft on the SP.... the SPP at 3.5c and the Santos deal just backed fired immensily as the company has no track record and only failed after 2 major projects.
Its hard to talk about Mongolia..... most likely it will go off the EXR and shareholders books sooner than later... as no major would be interested in TO a company with that attached.
That will give Pinocchio a great new project on later years to come.... but, not for EXR shareholders.
What is amazing is that the supposed Head of the company, will not bring updates to the market via ASX.... he sends messengers that will twist stories even more on social media.. LOL its laughable and the same time a worry as the Market more and more have a bad tast sentiment and long memory for the company's failures.
If you are the front man you LEAD... and not hide......
Have a good weekend all..... Interesting arvo ahead....
GLTA
T10
EXR Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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