Webinar, page-26

Something I have been wondering is about a takeover and how it might happen now that there is another branch of EXR...the green energy company with its different solar/green liscences...etc.

There has not really been a webinar since before the green energy company existed so we do not know Neils thoughts as to what he is planning or thinking long term with the Green side of things.

Is the idea for the green side to be packaged with the gas side and completely sold to attract a higher price.

Has he had any thought of EXR only selling the gas side and keeping the green side and subsequently selling electricity to whoever buys the gas side or others. (as they will be one of only a few sources of green electricity in the mining intensive gobi) Shareholders keep their shares and get paid for sale of part of business and then would continue to get a dividend for many years on the sale of electricity.
(EXR keep some $$$ from the gas sale to complete the wind and solar side)

Basically what does Neil now think is the best approach to maximise shareholder value. Is a complete package sale still what he believes is best for shareholder value.

He has said that by explorers becoming producers maximum shareholder value is not usually achieved.
These comments were in regards to his experiences in gas...is this also true for solar and wind and the sale of electricity. (less ongoing capital intensive? and therefore shareholder value created more easily)

If EXR say they are not selling the electricity (solar/wind) side will a larger offer come in that can not be refused for that arm of the business.

Just a few thoughts to put us back on track. (obviously assuming gas, wind, solar all become reality)