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Elixir Energy Provides Operations Update

Source: www.gulfoilandgas.com 7/10/2020, Location: Asia

Elixir Energy Limited is pleased to provide an update on its reinvigorated field work. As recently fore-shadowed, Elixir’s second year of field appraisal and exploration work has now started. The Nomgon-2 appraisal core-hole well spudded last night and should reach total depth by around the end of the month or early August. A full suite of test results therefrom will be progressively announced thereafter.

The Company’s seismic contractor commenced the acquisition of 2D seismic on 30th June, in the North-West part of the 30,000 km2 licence area. The total 106 kilometre acquisition program should be finished by early August and subsequent processing will take around another month after that.

Recent field work, data collection and analysis have identified new areas of coal outcropping in various parts of the PSC. The location of these are consistent with Elixir’s prospective resource estimates. They support the view that the very large licence area is likely to host numerous coal bearing subbasins that are prospective for coal seam gas.

Elixir’s Managing Director, Mr Neil Young, said: “Our appraisal and exploration program has now started in line with our plans and we look forward to receiving the results therefrom to integrate with the results of Nomgon-1 over the rest of this year.”

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