EXR 10.0% 11.0¢ elixir energy limited

up 17pc in london on north sea appraisal well

  1. 2,913 Posts.
    lightbulb Created with Sketch. 117
    Excellent announcement released last night regarding the Mulle field.
    EXR's share of 7 Million Barrels of oil is very significant.

    In 2 Years this could equate to 4000+ Barrels a day production worth $500,000 a day.

    This is a very significant announcement.

    EXR should have around $1 Billion worth of recoverable oil.
    They still have to drill the hole, but it is an appraisal well and as such should have an 80% chance of success.

    Lets see how the market responds today.

 
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