Gas

OVERVIEW

Elixir Energy Limited (ASX: EXR) is an ASX listed gas exploration and development company. It is currently primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM – known as coal seam gas – CSG -in Australia) in Queensland, Australia and the South Gobi, Mongolia. Elixir Energy has been developing the Gobi H2 green hydrogen project and solar project in Mongolia.

Elixir Energy holds 100% of a Queensland exploration permit ATP 2044, named Grandis Gas Project, located in the Taroom Trough of the Bowen Basin, Queensland. The Grandis Gas Project has booked an initial contingent resource (2C) of 365 billion standard cubic feet of gas. In late 2023, the Company completed the Daydream-2 appraisal well; the well intersected an unexpected permeable sandstone zone at approximately 4,200 metres.  The zone flowed gas into the wellbore which resulted in a flare at the surface.  

Elixir Energy holds 100% of a CBM production sharing contract (PSC), located just to the North of the Mongolian/Chinese border, which is called the Nomgon. The Nomgon Project licence area covers ~30,000 km2 (~7 million acres).

The Company’s strong foundation of multiple level Government and other energy stakeholder relationships is now being used as a platform to grow cleaner energy options involving hydrogen derived from renewables (green hydrogen).