And covid has only served to halt and bottom drawer these developments. 2025-2030 is going to be mega for Mongolian gas industry. There are a few other mobs that Lawrence pointed out the other day that a starting exclamation in Mongolia mobs from America. EX are has first mover advantage and out PSC with the Mongolian government is gold.
I would not be Surprised in the least if by Christmas time we are not valued based on the nomgon discovery suggesting a minimum 1000PJ reserves and that would send us to 6x current
current Mcap $117m @ Sp = 0.17
1000PJ (1Tcf) @To $0.5/GJ (after PSC costs) = $500M then SP=(500/117)x0.17 = $0.72
This does not factor in
- 1 TCF is more likely to be upward of 5TCF just in the nomgon
- the rest of the 29900km2
- seismic campaign derisking
- richairn
- if EXR isn’t $1 by Christmas I’ll do a nude run
Trading Week, page-50
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $153.0M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 14.5¢ | 12.5¢ | $396.7K | 2.957M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 110311 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 120000 | 4 |
View Market Depth
| Last trade - 15.41pm 06/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 14.0¢ | 12.0¢ | 2645178 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| EXR (ASX) Chart |