ELIXIR ENERGY ORD
Xstate Resources and Elixir Energy Discover Substantial Gas Column at Diona-1 Well
Xstate Resources (ASX: XST) and farm-in partner Elixir Energy (ASX: EXR) are eagerly seeking further data after drilling into a significant gas column at the Diona-1 well in the onshore Surat-Bowen Basin in Queensland. While the partners found the well’s primary target to be non-hydrocarbon bearing, they subsequently encountered a 181-metre hydrocarbon prone permian-to-basement sequence at a […]
Drilling success at Queensland’s Taroom Trough could undercut gas reservation debate
While federal opposition leader Peter Dutton’s plan to enforce a gas reservation policy on the east coast of Australia is creating major angst within the nation’s energy industry, recent drilling success in central Queensland could make it a moot point in the long term. Global energy major Shell, leading Australian gas supplier Santos (ASX: STO) and […]
Weekly wrap: minor fall comes after ten positive sessions
It was a close-run thing but the Australian share market recorded its first fall after ten positive sessions on Friday, with the ASX 200 index shedding just 3.1 points to 8023.9 points. With a major speech from US Federal Reserve chair Jerome Powell in prospect and a 1.7% fall on the Nasdaq as a lead in, […]
Elixir Energy hits record-depth coal gas flow at Daydream-2 well in Queensland
Elixir Energy (ASX: EXR) has achieved the deepest flow of coal gas to the surface ever recorded in this country in latest testing on the Daydream-2 well at its 100%-owned Project Grandis in Queensland’s Taroom Trough region. Daydream-2 has attracted significant attention as a potentially game-changing gas discovery after drilling encountered an unexpected sandstone reservoir […]