Elixir Petroleum Ltd (ASX:EXR) chief executive officer Neil Young speaks to Proactive Investors about the gas explorer's recent appointment of Richard Cottee as non-executive chairman.
Young says Cottee is considered a "godfather" of coal seam gas in Queensland, leading QGC from a 20 million market-cap company with a share price of 20 cents through to its acquisition by British Gas for nearly $6 billion and 6$ a share.
He notes this has "huge resonance with our own position of possessing an early-stage but highly-prospective and well-located coal seam gas block just north of China in Mongolia."
The company has started early-stage exploration activities in Mongolia, including government approvals, and expects Cottee's background and skills to assist in delivering an asset that gives the most value to shareholders.
Meet Cardinal Resources Ltd, Legend Mining Ltd, Danakali Ltd, Predictive Discovery Ltd and Alliance Resources Ltd at our event, Melbourne , 16 July 2019. Register here »