Elixir Energy (ASX:EXR)

Daydream-2 Operations Update

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an operational update on the Daydream-2 well in its 100% owned Project Grandis in Queensland’s Taroom Trough.


HIGHLIGHTS

  • Production logging tool (PLT) confirms contribution from upper zones
  • CTU to return to site to clean out well

The Daydream-2 well has run a production logging tool (PLT) over the majority of the key stimulated zones. The run confirmed two key results from the well:

1. The upper zones are making a contribution to the flow; and

2. The lower zone is dominating the flow - fluid and some proppant in the bottom of the wellbore across the deeper zones is hampering the optimal flow rate.

Wireline rigged up on Daydream 2

As foreshadowed in the last operations update, Elixir will now bring the Coil Tubing Unit (CTU) that that is currently with Elixir’s neighboring Operator back to the well-site to undertake nitrogen lift and clean-out work.

That is anticipated to be before the end of the month (subject to the pace of operations of that neighbour). The flow testing phase of operations will be finalized thereafter.

Elixir’s Managing Director, Mr Neil Young, said: “It is very pleasing to have the PLT confirm flows from the upper stimulated zones in Daydream-2. Although a little bit frustrating, the slight delay as we wait for the return of the CTU is in fact reflective of the hectic pace of multi-operator activity in the Taroom Trough, which we can only see accelerating as the importance of this region to Australia’s gas supplies is increasingly recognised.”


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
The Conversation (0)
Oil rig with stock charts overlayed.

5 Biggest ASX Oil and Gas Stocks in 2025

Oil and gas are key energy fuels, and ASX-listed Australian oil and gas companies could benefit from their price moves.

For the most part, 2024 was a volatile year for both the oil and gas markets. In the first half of the year, oil prices were riding an uptrend, spurred on by rising tensions in the Middle East amid tightening supply.

However, after prices peaked at US$91.70 per barrel in early April, demand-side challenges weighed oil down, with levels sinking to US$77 in early June. In the second half of the year, oil prices took a hit as global economic uncertainties continued to grow.

Keep reading...Show less
Hydrogen pipes in a green grass field on a sunny day.

Hydrogen Stocks: 9 Biggest Companies in 2025

Hydrogen stocks are benefiting from cleantech sector momentum as the world moves closer to a green energy future.

The most abundant element on Earth, hydrogen is a colorless gas. It can be produced in liquid form and burned to generate electricity, or combined with oxygen atoms in fuel cells. In this way, hydrogen — which produces no carbon emissions — can replace fossil fuels in household heating, transportation and industrial processes such as steel manufacturing.

Rising demand for carbon-free energy sources alongside significant new government policies are driving growth in the hydrogen market. Grand View Research projects that the global hydrogen-generation market will grow at a compound annual growth rate of 9.3 percent from 2024 to 2030, reaching US$317.39 billion by the end of the forecast period.

Keep reading...Show less
First Helium Announces Shallow Heavy Oil Discovery

First Helium Announces Shallow Heavy Oil Discovery

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced two discoveries at its Worsley Project:

Shallow Heavy Oil Discovery

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Alvopetro Announces Year End 2024 Financial Results, Q1 2025 Dividend of US$0.10/share and Filing of our AIF

Alvopetro Announces Year End 2024 Financial Results, Q1 2025 Dividend of US$0.10/share and Filing of our AIF

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces an operational update, our financial results for the year ended December 31, 2024 a quarterly dividend of US$0.10 per common share and filing of our annual information form. We will be hosting a live webcast to discuss our Q4 2024 results on Wednesday March 19, 2025 at 8:00 a.m. Mountain time .

All references herein to $ refer to United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Trillion Energy Announces SASB Field Operational Update

Trillion Energy Announces SASB Field Operational Update

Trillion Energy International Inc. (“Trillionor the “Company”)(CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), is pleased to announce an operational update for the SASB offshore gas project, Turkey.

In January 2025, the Company successfully installed new velocity string tubing in two tripod-based wells, Alapli-2 and Bayhanli-2, completing the operation within approximately two weeks. This follows the installation of similar tubing in four wells on the Akcakoca platform during the fall of 2024. In total, six wells have now been upgraded with the new smaller-diameter tubing to mitigate water loading and enhance production efficiency.

Keep reading...Show less

Latest Press Releases

Related News

×