RE: Once upon a time in a chuckwagon...31 Jul 2025 09:56
Oh dear. Meanwhile, back at Gex. News on drilling permit anyday now. Funded for 2025 drilling campaign (from rns). 2 ginormous prospects at Hussar and MW. Drills are lower risk re-entries, Hussar with proven gas flows from 1982, hence Gex describing as low risk high reward. Oz imports all its He currently, so there's an opportunity to corner the market. Risks: the old binary one, will it be commercial flow or won't it, and the regulators condition that He can only be extracted alongside hydrocarbons, although substantial NG has been prospected in both Hussar and MW basins. I make no apologies for being very bullish on Gex and have put my brass down accordingly. Always welcome a constructive bear case, too, for balance. GL.