Elixir Energy Ltd (ASX:EXR) MD Neil Young tells Proactive the logging program at Daydream-2 has recorded an interpreted 154 metres of net gas pay in the primary objective Permian sandstones. Gaseous coal zones were also logged totalling a cumulative 65 metres. Young says these thermally mature coals will be targeted for stimulation and flow testing in the New Year. The rig is expected to be released from location this weekend, with the well costs coming in under budget.
Elixir Energy thrilled with initial logging results
