Bubbling Gas in Cores Mean TIGHT GAS
The latest ASX announcement by EXR it said:
“ Abundant gas bubbling from the recovered core was noted across the whole interval prior to it being representatively sampled for gas content desorption measurement ...”
Any wellsite geologist knows if you
see bubbling gas from a core that the core is super tight and very very very little permeability!
Why is EXR allowed to spin the story that’s it’s good news. Who are the poor bunnies buying these shares while those in the know are selling?
How many shares do the Board own and their friends???
This company should be investigated.
Oh wait. Cottee is on the Board. That explains the deception of the spin on poor core results that got the share price to double!
A lot of people are going to lose a lot of their money on their last report especially if you bought in after that deceptive announcement!
Down 11% today on large volume as brokers/investors discover cores bubbling gas means its tight!
How come this Board announced that as a positive when all geologists know this basic truth? Dummies with a deceptive plan. Get the associates out of the stock first before market wakes up to the fact they have another tight core hole!