(NewsDirect)
Elixir Energy Ltd(ASX:EXR) MD Neil Young tells Proactive the company has entered adata-sharing agreement with oil and gas giant Santos covering plannedwells in neighbouring permits in the Taroom Trough of Queensland’sBowen Basin. The agreement with a Santos group company is inconnection with Elixir’s 100%-owned Grandis Gas Project (ATP 2044)located in the basin. It provides for Elixir and Santos to exchangetechnical data on planned wells in the neighbouring ATP 2044 (Elixir)and ATP 2056 (Santos) exploration permits in the Taroom Trough.
"The enormouspotential of the known and extensive gas resources in the TaroomTrough will have a greater chance of being realised through suchcooperative efforts,” Young said.
"We look forward to working with Santos in theyears ahead to develop this play.”
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Proactive Investors
JonathanJackson
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jonathan@proactiveinvestors.com
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