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Elixir Energy advances gas projects in Queensland and Mongolia

Elixir Energy Ltd (ASX:EXR) managing director Neil Young sits down with Proactive’s Jonathan Jackson to discuss the significant strides the company is making in de-risking its gas projects in Queensland and Mongolia. Its Daydream-2 well at the Grandis Project in Queensland is set to undergo rigorous stimulation and flow testing activities, managed by Halliburton, through mid-year. This activity in the Taroom Trough is generating increasing interest in the gas sector. In parallel, Elixir continues to progress its Nomgon Pilot Project in Mongolia. The focus remains on depressurising the gas-bearing coal reservoir, a crucial step achieved through the continuous extraction of water. This dual-front approach underlines Elixir Energy's commitment to meeting its core de-risking objectives for both projects.

Young said: “We are pleased that operations at both of our large gas projects in Queensland and Mongolia are on track to meet their core de-risking objectives.

"The Daydream-2 well at Grandis will be the scene of intense activity through to around the middle of the year as we now move into the key stimulation and flow testing phases. "Given this, we are very pleased to note that the current activities by a range of Operators in the Taroom Trough is drawing more and more gas industry attention.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

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