(NewsDirect)
Elixir Energy Ltd (ASX:EXR) managingdirector Neil Young sits down with Proactive’s Jonathan Jackson todiscuss the significant strides the company is making in de-riskingits gas projects in Queensland and Mongolia. Its Daydream-2 well atthe Grandis Project in Queensland is set to undergo rigorousstimulation and flow testing activities, managed by Halliburton,through mid-year. This activity in the Taroom Trough is generatingincreasing interest in the gas sector. In parallel, Elixir continuesto progress its Nomgon Pilot Project in Mongolia. The focus remains ondepressurising the gas-bearing coal reservoir, a crucial step achievedthrough the continuous extraction of water. This dual-front approachunderlines Elixir Energy's commitment to meeting its corede-risking objectives for both projects.
Young said: “We are pleased that operations at both of ourlarge gas projects in Queensland and Mongolia are on track to meettheir core de-risking objectives.
"The Daydream-2 well atGrandis will be the scene of intense activity through to around themiddle of the year as we now move into the key stimulation and flowtesting phases. "Given this, we are very pleased to note that thecurrent activities by a range of Operators in the Taroom Trough isdrawing more and more gas industry attention.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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