Elixir Energy Limited provided an update on the extended pilot production project underway in its 100% owned Nomgon IX Coal Bed Methane (CBM) Production Sharing Contract (PSC) in the South Gobi Basin, Mongolia. The program has now been successfully operational for over 100 days and this week the combined production from the Nomgon-8 and 9 wells reached 200,000 standard cubic feet per day (scfpd) of gas for the first time, as the pilot continues to depressurize. The Nomgon-9 well exceeded 150,000 scfd of the total.

Water production remained stable and low at 150 barrels per day (BWPD) of water. Standard annual approvals processes are being progressed such that the 2023 drilling program is due to commence next month as planned.