Elixir Energy firmly on the map with Santos data deal
September 13, 2023 at 01:31 pm EDT
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Elixir Energy Ltd (ASX:EXR) MD Neil Young tells Proactive the company has entered a data-sharing agreement with oil and gas giant Santos covering planned wells in neighbouring permits in the Taroom Trough of Queensland’s Bowen Basin. The agreement with a Santos group company is in connection with Elixir’s 100%-owned Grandis Gas Project (ATP 2044) located in the basin. It provides for Elixir and Santos to exchange technical data on planned wells in the neighbouring ATP 2044 (Elixir) and ATP 2056 (Santos) exploration permits in the Taroom Trough.
"The enormous potential of the known and extensive gas resources in the Taroom Trough will have a greater chance of being realised through such cooperative efforts,” Young said.
"We look forward to working with Santos in the years ahead to develop this play.”
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Proactive Investors
Jonathan Jackson
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jonathan@proactiveinvestors.com
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Elixir Energy Limited is an Australia-based gas exploration and development company. The Company is focused on primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM) in Queensland, Australia and the South Gobi, Mongolia. It is also developing Gobi H2 green hydrogen project and solar project in Mongolia. The Company holds 100% of a Queensland exploration permit ATP 2044, named Grandis Gas Project, located in the Taroom Trough of the Bowen Basin, Queensland. Its Grandis Gas Project covers an area of 1,000 square kilometers (km2) located close to existing gas transmission infrastructure centered on the Wallumbilla gas hub. he Nomgon IX CBM PSC (Nomgon Project) is located on the Mongolian Chinese border, around 400 kilometers (km) North of Chinaâs main gas transmission grid. The Nomgon Project license area covers 30,000 km2 (seven million acres). Its subsidiaries include Golden Horde Pty Ltd, GOH LLC, GOH Clean Energy LLC.