Elixir Energy Limited

Equities

EXR

AU000000EXR1

Oil & Gas Exploration and Production

Market Closed - Australian S.E. Other stock markets 02:10:55 2024-04-23 am EDT			5-day change	1st Jan Change
0.145 ^AUD	+3.57%		+11.54%	+74.70%

Apr. 19	Elixir Energy's Daydream-2 Stimulation Program Gets Underway	MT
Apr. 05	Elixir Energy Discovers Strong Gas Flow at Grandis Project in Queensland; Shares Surge 30%	MT

Elixir Energy uncovers unexpected naturally permeable gas bearing zone at Daydream-2

December 07, 2023 at 02:15 pm EST

(via NewsDirect)

Elixir Energy CEO Neil Young joined Steve Darling from Proactive to offer an intriguing update on the ongoing developments at the Daydream-2 appraisal well within the Grandis Gas Project, nestled in the Taroom Trough of the Bowen Basin, Queensland.

In a surprising turn of events, Young shared the exciting news of an unexpected discovery — a naturally permeable gas-bearing zone that emerged without any need for stimulation.

As the operation progressed, Daydream-2 achieved a total depth of 4,300 meters overnight, surpassing the original depth target by approximately 100 meters. This extension in depth was driven by the consistent revelation of gas levels exceeding initial pre-drill estimates.

This deeper total depth not only signifies a promising find but also grants enhanced operational flexibility for the upcoming phases of Elixir Energy's appraisal plans for the well.

During the final 100 meters of drilling, an intriguing phenomenon occurred, characterized by a rapid surge in the rate of well penetration. This phenomenon coincided with a notable influx of gas from the formation into the wellbore, underscoring the significance of this discovery.

With this development in mind, the next steps in the project involve acquiring wireline logs and conducting a comprehensive petrophysical evaluation. Subsequently, the well will be cased and suspended.

Once all pertinent data has been meticulously compiled, Elixir Energy will meticulously craft its forward plan, which will encompass an extensive evaluation process, completion activities, and production testing for this exceptional well.

This captivating revelation at the Daydream-2 appraisal well represents a significant milestone in the Grandis Gas Project and reflects Elixir Energy's commitment to advancing its exploration and production efforts in the ever-promising energy sector, potentially opening new avenues for energy supply and resource development in Queensland.

Contact Details

Proactive Investors

+1 604-688-8158

na-editorial@proactiveinvestors.com

Latest news about Elixir Energy Limited

Elixir Energy's Daydream-2 Stimulation Program Gets Underway	Apr. 18	MT
Elixir Energy Discovers Strong Gas Flow at Grandis Project in Queensland; Shares Surge 30%	Apr. 04	MT
Elixir Energy Prepares for Integrity Tests at Grandis Project; Continues Depressurization Process at Nomgon Project	Mar. 14	MT
Elixir Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 22	CI
Elixir Energy Jumps 8% After Finding Prospective Gas Source at Daydream-2 in Queensland	Feb. 20	MT
Elixir Energy Identifies Prospective Zone at Daydream-2 Well	Jan. 17	MT
Elixir Energy Advances Queensland Gas Project to Stimulation, Testing Phase	Dec. 19	MT
Elixir Energy Validates Gas at Daydream-2 Well	Dec. 14	MT
Elixir Energy to Raise AU$6.5 Million from Share Placement	Dec. 13	MT
Elixir Energy Intersects Gas Zone at Daydream-2 Well	Dec. 08	MT
Elixir Energy Advances Drilling at Daydream-2 Well	Nov. 23	MT
Elixir Energy Advances Drilling at Daydream-2 Well	Nov. 16	MT
Elixir Energy Spuds Daydream-2 Well	Nov. 09	MT
Elixir Energy to Start Drilling at Daydream-2 Well	Nov. 02	MT
Elixir Energy Raises AU$1.7 Million for Grandis, Nomgon Projects	23-10-10	MT
Elixir Energy Expects to Receive R&D Tax Rebate	23-10-03	MT
Elixir Energy Advances Preparatory Activities for Upcoming Daydream-2 Well Drill Program	23-09-21	MT
Elixir Energy Limited(ASX:EXR) dropped from S&P/ASX Emerging Companies Index	23-09-18	CI
Elixir Energy Discovers Gas Resources at Nomgom IX Project in Mongolia; Shares Rise 5%	23-09-07	MT
Elixir Energy Advances Operations at Nomgon IX Area in Mongolia	23-08-18	MT
Elixir Energy to Spud Daydream-2 Appraisal Well at Queensland’s Grandis Gas Project	23-08-16	MT
Elixir Energy Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-15	CI
Elixir Energy Encounters Gaseous Coal at Nomgom IX Area	23-07-17	MT
Elixir Energy Limited announced that it has received AUD 9.6 million in funding	23-06-29	CI
Elixir Energy Spuds Bluebill-1S Well in Mongolia	23-06-12	MT

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Company Profile

Elixir Energy Limited is an Australia-based gas exploration and development company. The Company is focused on primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM) in Queensland, Australia and the South Gobi, Mongolia. It is also developing Gobi H2 green hydrogen project and solar project in Mongolia. The Company holds 100% of a Queensland exploration permit ATP 2044, named Grandis Gas Project, located in the Taroom Trough of the Bowen Basin, Queensland. Its Grandis Gas Project covers an area of 1,000 square kilometers (km2) located close to existing gas transmission infrastructure centered on the Wallumbilla gas hub. he Nomgon IX CBM PSC (Nomgon Project) is located on the Mongolian Chinese border, around 400 kilometers (km) North of Chinaâs main gas transmission grid. The Nomgon Project license area covers 30,000 km2 (seven million acres). Its subsidiaries include Golden Horde Pty Ltd, GOH LLC, GOH Clean Energy LLC.

Sector

Oil & Gas Exploration and Production

Calendar

2024-08-12 - Q4 2024 Earnings Release (Projected)

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