Elixir Energy (EXR) - Grant for Grandis Well; Pilot Wells in Mongolia Ongoing
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Show Notes
Interview with Neil Young, MD & CEO, Stephen Keleman, Non-Executive Director & Richard Cottee, Non-Executive Chairman of Elixir Energy (ASX: EXR)
Elixir Energy (EXR) is an ASX-listed energy company focused on natural gas exploration in Mongolia and Australia. Led by Managing Director Neil Young, the company aims to contribute to both traditional natural gas exploration and the energy transition. Elixir Energy recently provided an update on its gas projects, particularly highlighting the progress of their non-gone coalbed methane (CBM) pilot project in Mongolia.
The CBM pilot project is a significant endeavor as it is the first of its kind in Mongolia's history. The project began in late 2022, and since then, the company has observed early gas breakthrough and increasing gas rates. However, the project has also encountered challenges, leading to mechanical repairs and workovers to ensure optimal performance.