Elixir Energy Limited (AU:EXR) has released an update.
Elixir Energy Limited has announced a significant milestone with the successful flow of gas to the surface from the Daydream-2 well in Queensland’s Taroom Trough, marking the first time deep coals in the region have produced gas. The achievement, which comes from a coal seam package at depths of up to 3,786 meters, represents a notable advance in Australia’s energy sector and sets the stage for potential contingent resource bookings by the company.
For further insights into AU:EXR stock, check out TipRanks’ Stock Analysis page.
