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EXR and EMP

Elixir Resources (ASX: EXR) and Emporer Energy (ASX: EMP) are both looking to be a part of the solution to  Australia's energy shortage, and both with gas.

Yes, they are in different parts of the country, but they are similar:

Both are offshore;

Both have achieved good flows;

Both are in the early stages and about 18 months away from production;

Bot are surrounded by large or major oil and gas companies (lending a lot more credence to and confidence in their claims.

And both are under 3 cents a share. But this could change quite quickly. In the case of EMP, they are awaiting approval of their EIS and when that happens the share price will jump. In EXR's case, if the surrounding players release strong information, EXR is likely to benefit from that, even though they will have done nothing.

Both look good for a solid punt.

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