The Conversation (0)
Elixir Energy Limited (“Elixir” or the “Company”) is pleased to present its investor presentation.
Introducing the Taroom Trough
- One of the few remaining places onshore Australia where a substantial gas resource could exist – and in a great location to access markets
- Permian coals have sourced oil and gas fields on the flanks, but considerable gas volumes remain trapped within the depocentre
- The unique geology of the Taroom Trough means tight gas from this basin may succeed where others (e.g. Nappamerri Trough – Cooper Basin) have failed
- Stress modelling by Elixir has recognised the importance of stress partitioning and stress anisotropy in this area resulting in the derivation of an optimal fracture stimulation program
The Taroom Trough – An Advantaged Location
The prolific Bowen Basin is now set to deliver another energy source
- The Grandis Gas Project is very well located in the Taroom Trough in the Southern Bowen Basin
- Australia’s premier physical and commercial gas hub – Wallumbilla – is immediately adjacent
- Market factors are now driving new rounds of drilling in the Taroom Trough - including by Majors
- Pipeline costs minimal – material savings per GJ – as well as avoidance of financing concerns over new transmission pipelines
- Long term community acceptance of oil and gas locally
- Australia’s onshore oilfield service sector is centred in the region
Click here for the full ASX Release
This article includes content from Elixir Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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