Elixir Energy Limited (AU:EXR) has released an update.
Elixir Energy Limited has reported significant progress at its Nomgon IX Coal Bed Methane project in Mongolia, with water production reaching maximum levels and reservoir pressure declining as anticipated. The company expects a gas desorption breakthrough by the end of the year, indicating a positive trend towards methane extraction.
For further insights into AU:EXR stock, check out TipRanks’ Stock Analysis page.