(NewsDirect)
Elixir Energy Ltd(ASX:EXR) MD Neil Young tells Proactive the company has executed aninformation-sharing agreement with Origin Energy ahead of the upcomingspud of its Daydream-2 well at the Grandis Gas Project inQueensland’s Taroom Trough. Origin is in the process of beingawarded a greenhouse gas (GHG) licence which overlaps Elixir’sGrandis Gas Project, or ATP 2044. This licence facilitates Origin’splans to investigate carbon capture and storage (CCS) in thisarea.
“We arevery pleased to announce another non-dilutive source of finance forDaydream-2 (after the R&D tax credits that will come from theFederal Government),” said Young.
"This innovative deal provides a greatwin-win-win for Elixir, Origin – and the State of Queensland – inthat one well will provide subsurface data that would otherwiserequire two wells.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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