Elixir Energy builds on Mongolia’s first gas discovery with exploration and appraisal program
“Naturally we are pleased that our 2022 program has started off with a successful exploration well,” says MD Neil Young.
Company
ASX:EXR
Elixir Energy Ltd is a gas exploration and development company. The company is focused on maximising shareholder return by realising the potential of its three major assets, the Nomgon Gas project in Mongolia, the Hydrogen & Green Energy project in Mongolia and its Grandis Gas Project in Queeensland.
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“Naturally we are pleased that our 2022 program has started off with a successful exploration well,” says MD Neil Young.
"Notwithstanding international events in Eastern Europe, we pleased to see that its business as usual in Mongolia,” managing director Neil Young said.
The company has also submitted a detailed analysis of the legal issues to the Ministry of Energy, which states that no new major legislation is needed for the development of green hydrogen projects in Mongolia.
The company has an interest in the Nomgon IX coal bed methane production sharing contract (PSC) in Mongolia’s South Gobi region, near the Chinese border
The conference continues today, with highlights including a presentation from Santos on how becoming the lowest cost operator delivered growth to the company.
The halt will remain in place until Tuesday 17th October 2017.