Frontier CSG exploration in Mongolia – managed in Australia
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About the Course
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Elixir Energy Ltd (EXR) is an ASX listed company that moved its headquarters to Adelaide in 2019 after acquiring private company Golden Horde Ltd. The latter is the 100% owner of a large coal seam gas (CSG) production sharing contract (PSC) in Mongolia, which was executed in late 2018 (and was the first of its kind in Mongolia). The PSC covers a very large area of 7 million acres just North of the Mongolia/Chinese border and has been independently assessed as hosting risked recoverable resources (best case) of 7.6 Tcf. Mongolia is grossly underexplored in a petroleum sense (although it does host PetroChina and Sinopec operated crude oil production) and EXR’s exploration for CSG there is truly wildcat in nature. The company has sought to combine Australia’s global CSG leadership with local skills in prosecuting its initial exploration program and Neil will share with the audience how that has gone, the next steps – and how a distant frontier exploration exercise can be managed from Australia.
Your Instructor
Neil has around 25 years of commercial experience in the energy sector in companies big and small, ranging from the likes of Elixir Energy and Adelaide Energy to Santos and Tarong Energy. Originally a gradutate in Economics & Politics from the University of Edinburgh, his focus has been on business development for much of the last 20 years. After helping Santos build up its CSG asset position, in 2011 Neil thought that Mongolia might have some locational advantages in supplying CSG to China over Queensland and set up Golden Horde in that year with a fellow ex-Santos colleague. Over the intervening years, Neil has developed very strong relationships in, and an understanding of, Mongolia, whilst travelling back and forth from Adelaide many dozens of times.