Elixir Hits Gas Flow Milestone in Taroom Trough

Elixir Energy Limited (AU:EXR) has released an update.

Elixir Energy Limited has announced a significant milestone with the first-ever gas flow from deep coals in the Taroom Trough, Queensland, achieved by their Daydream-2 well. This groundbreaking event marks the deepest coal-derived gas flow in Australia and paves the way for Elixir to convert their estimated 3,603 billion cubic feet of prospective resources into contingent resources. The company is currently preparing for a comprehensive flow test from all stimulated zones, which could further solidify their resource estimates.

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