Elixir Energy Limited (AU:EXR) has released an update.
Elixir Energy Limited has announced promising initial results from its Grandis project in Queensland, with the Lorelle Sandstone achieving a stable gas flow rate of 1.3 million cubic feet per day without stimulation. This milestone marks the deepest unstimulated gas flow onshore in Eastern Australia outside of the Perth Basin. The company is preparing for a stimulation phase that is expected to significantly boost the flow rate.
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