Elixir Energy’s Breakthrough in Unstimulated Gas Flow

Elixir Energy Limited (AU:EXR) has released an update.

Elixir Energy Limited has announced a significant breakthrough with the Daydream-2 well in the Taroom Trough, where gas is flowing from the Lorelle Sandstone at a depth of 4,200 meters without the need for stimulation. This discovery comes at a critical time as the East Coast Australian gas market grapples with supply shortages and high prices. The company has also reported a substantial increase in prospective resources in deep coals and plans to release an updated contingent resource report in the near future.

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