Elixir Energy Limited (AU:EXR) has released an update.
Elixir Energy Limited announced successful stimulation of the Lorelle Sandstone at its Grandis project near Queensland’s Wallumbilla gas hub, indicating potential commercial flow rates. Despite a small setback due to logistical and operational delays, Elixir remains optimistic with plans for staged development and negotiations with gas offtakers in the region. The company expects to resume the stimulation program shortly after a brief demobilization.
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