Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

Investing

Daydream-2 Stimulation Program Successfully Concluded

by August 21, 2024
August 21, 2024
Daydream-2 Stimulation Program Successfully Concluded

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

HIGHLIGHTS

Daydream-2 stimulation program successfully applied to six separate zonesNovel techniques effectively utilised for the first time in AustraliaFlow tests to commence shortly

The Daydream-2 well has now been successfully stimulated in six separate zones – the Lorelle Sandstone (which as per ASX announcement dated 16 August 2024 has recently successfully flowed gas); three sandstones above this; and, two coal zones.

The stimulation program involved the application of various novel methods – including some that Elixir understands have been utilized for the first time in Australia. This research and development aspect of the Daydream-2 program is considered one of the keys to achieving outcomes in line with the material advances achieved in stimulation technology since the Taroom Trough was first appraised around a decade ago.

Operations are now turning to the flow testing phase. Elixir’s aims in this next phase are to:

1. Use various techniques to confirm a separate flow of gas from the coals – hence allowing the commencement of a process of converting what are currently prospective resources into contingent resources.

2. Mill out all plugs and flow all zones together.

3. The period of the flow test will depend on results, clean-up time, etc.

The plans for the Company’s formal reporting of the flow test period will therefore be reactive as results come in.

Elixir’s Managing Director, Mr Neil Young, said: “The successful conclusion of the stimulation phase of the Daydream-2 well – particularly with Elixir being a pioneer in Australian for some of its key aspects – is a real tribute to our technical team and the contractors working for us. We are now moving onto the culmination of the whole program – the final flow testing phase.”

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Tim Walz’ claims about using IVF to have family aren’t exactly true
next post
Trinidad is redrawing its coat of arms to remove Columbus’ three famous ships

You may also like

Zodiac Gold Announces Exclusivity Agreement and Exploration Funding

First Gold Doré Following Successful Carbon Strip

NUCLEAR FUELS ANNOUNCES $8 MILLION “BOUGHT DEAL” PRIVATE...

Top 3 Canadian Nickel Stocks of 2024

1911 Gold Intersects up to 14.97 g/t Gold...

Cobalt Price Recovery Uncertain as Battery Chemistry Shifts...

Top 5 Most-popular Gold News Stories of 2024

Noble Minerals Acquires a Rare Earth Project and...

Crypto Market Recap: Bitcoin sees Record Price Drop,...

Skyharbour Partner Company Terra Clean Energy Plans Winter...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF Inflows Rise, Coinbase Makes...

    • 7 Copper ETFs and ETNs

    • Trump’s tax hike proposal is ‘déjà vu’ of George H. W. Bush’s ‘read my lips’ moment, experts say

    • Pope Francis-era deal with Chinese Communist Party again under scrutiny as Pope Leo takes the reins

    • Diver dies in preliminary operations to recover tech tycoon’s sunken superyacht

    Categories

    • Business (1,632)
    • Investing (4,784)
    • Politics (7,554)
    • Uncategorized (2)
    • World (6,138)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top