Elixir Energy Limited (AU:EXR) has released an update.
Elixir Energy Limited has reported positive outcomes from their gas flow tests at the Daydream-2 well in the Grandis Project, with stabilized flow rates between 2.1 and 2.5 MMSCFPD, nearing the modeled economic targets. The company has now commenced a five-stage stimulation program, following a successful test indicating a potential increase in gas flow after resolving technical challenges. The stimulation efforts have already led to a substantial increase in flow from the previously unstimulated rate of 1.3 MMSCFPD.
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