Elixir Energy

Daydream-2 Operations Update

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an operations update on its 100% owned Grandis project located adjacent to the Wallumbilla gas hub in Queensland.


HIGHLIGHTS

  • New stimulation contractor – Condor Energy – engaged
  • Stimulation program to recommence in July
  • Wellbore cleared of debris and ready for stimulation and testing operations

Following recent operational issues in the stimulation phase of the Daydream-2 appraisal program, Elixir has engaged leading Australian well services company Condor Energy (“Condor”) to complete the remaining stimulation stages.

Condor Energy’s stimulation fleet

Condor has advised Elixir that it will be in a position to recommence this work in late July or early August. The exact timing will become clearer in coming weeks as the availability of coil tubing equipment being utilized by a neighbouring operator becomes clearer.

Condor is one of Australia’s leading well services companies and has substantial relevant recent experience in successfully performing high impact stimulation operations in various locations such as the Beetaloo Basin in the Northern Territory and in the Taroom Trough adjacent to the Grandis gas project. Elixir and Condor have successfully worked together in earlier stages of the Daydream-2 program.

Over the last week, Elixir has successfully removed all debris associated with the lodged setting mechanism of the lowermost bridge plug.

The Lorelle Sandstone, which flowed at a stabilized rate of 1.3 million cubic feet per day – pre stimulation - will form part of the multi-zone flow testing operations.

Elixir’s Managing Director, Mr Neil Young, said: “We are very pleased to announce that our stimulation program at Daydream-2 will resume in the short term and that the highly experienced team at Condor will be working with us to make this as successful as possible. We aim to flow test all the target zones of the well in August.”


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.

EXR:AU
Elixir Energy

Elixir Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Elixir Energy

Elixir Energy


Keep reading...Show less
Charbone Hydrogene renforce ses capacites d'exploitation et de developpement de marche alors que l'entreprise identifie de nouveaux objectifs pour ses plans d'expansion de l'hydrogene vert en Amerique du Nord d'ici 2025

Charbone Hydrogene renforce ses capacites d'exploitation et de developpement de marche alors que l'entreprise identifie de nouveaux objectifs pour ses plans d'expansion de l'hydrogene vert en Amerique du Nord d'ici 2025

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec), le 11 juillet 2024 TheNewswire CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, est heureuse de fournir une mise à jour sur ses efforts d'expansion du marché nord-américain d'ici 2025 alors que la société accueille un nouveau membre de l'équipe des opérations.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Adds Operations and Market Development Bench Strength as Company Identifies New Targets for 2025 North American Green Hydrogen Expansion Plans

CHARBONE Hydrogen Adds Operations and Market Development Bench Strength as Company Identifies New Targets for 2025 North American Green Hydrogen Expansion Plans

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - July 11, 2024 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is pleased to provide an update on its 2025 North American market expansion efforts as the Company onboards a new Operations team member.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Oil rig with stock charts overlayed.

ASX Oil and Gas Stocks: 5 Biggest Companies in 2024

Oil and natural gas stocks on the ASX could benefit from the commodities' price movements, as experts are calling for continued price volatility in the global oil and gas market in 2024.

According to the Australia Institute for Petroleum, crude oil is purchased using US dollars, making it important to track oil's price movements in the currency. This also means investors should keep an eye on the exchange rate for USD to Australian dollars.

Thanks to factors including Saudi Arabia's voluntary oil production cuts and a drop in US commercial crude oil inventories, WTI crude prices rose to US$91 per barrel this past September. However, concerns over worldwide oil demand growth and rising global inventories pushed prices down to a low of US$69 in December.

In the first half of 2024, oil prices were riding an uptrend spurred on by rising tensions in the Middle East amid tightening supplies. Peaking at a high of US$86 in early April, demand side challenges once again weighed down crude oil prices to US$73 per barrel in early June.

As Trading Economics reports, crude oil prices are on the rise in late June as the odds of a wider regional conflict threatens the breakout around the Israel-Hamas war in the Middle East. WTI crude is up over US$80 per barrel as of June 28, for a 15 percent gain for the first half of the year. This is welcome news to Australian oil companies.

Keep reading...Show less
Condor Energy

Field Work on Main Reservoir Targets in Peruvian TEA Completed

Condor Energy Ltd (ASX: CND) (Condor or the Company) is pleased to report progress in the work being done at the Technical Evaluation Agreement (Tumbes TEA) offshore Peru. Condor in partnership with Jaguar Exploration Inc (Jaguar) has undertaken geological field work in order to assist in the interpretation of the legacy seismic and well data already gathered on the Tumbes TEA.

Keep reading...Show less
Gas stove and world map.

Top 10 Countries for Natural Gas Production (Updated 2024)

Natural gas is an important energy fuel, even as the world transitions to a carbon-free economy. When investing in this industry, it's key to know the ins and outs of natural gas production by country.

Global natural gas production contracted slightly in 2023, slipping from 4.09 trillion cubic meters in 2022 to 4.08 trillion cubic meters in 2023, according to data from Statista.

While the United States registered a 4 percent uptick in natural gas production in 2023, Russia’s natural gas production fell by 16 percent during the period on lower exports to Europe.

Keep reading...Show less
Elixir Energy

Elixir Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×