(NewsDirect)
Elixir Energy Ltd (ASX:EXR) managing director Neil Young joinsProactive’s Jonathan Jackson to discuss a significant gas find atits 100%-owned Grandis project in Queensland, potentially marking thedeepest unstimulated gas flow in onshore Australia, east of the PerthBasin. Young shares insights on the discovery and its implications forthe Australian gas industry. Situated adjacent to the Wallumbilla gashub, the Grandis project's Lorelle Sandstone at the Daydream-2well exhibited an impressive initial flow test, achieving a stabilisedrate of 1.3 million standard cubic feet per day, peaking at 2.3million without stimulation. This achievement is not just a one-offevent but a significant indicator of the Taroom Trough'sunconventional resource potential. Young expressed enthusiasm aboutthe results, stating that the Lorelle Sandstone is poised tosubstantially enhance the project's output and economic prospects.He talks us through the stimulation phase to come and hints that thiscould be the beginning of a new, strategically located gas play inQueensland, which could be crucial in addressing the looming domesticgas shortage.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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