Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) managing director Neil Young joins Proactive’s Jonathan Jackson to talk about positive log results returned for the recently discovered deep permeable zone in the Daydream-2 appraisal well at the Grandis Gas Project in Queensland. The company said the discovery of the presence of porous and permeable sandstone reservoirs at 4,200 metres in Daydream-2, which produced gas to surface, had great significance for the Grandis Project and for the greater Taroom Trough in Queensland’s Bowen Basin. Young discusses that significance, along with the upcoming stimulation and testing phase. Elixir will conduct a diagnostic fracture injection test (DFIT), which will begin around the end of this month, which has traditionally not been commonplace in Australia. Finally, Young updates shareholders on what to expect throughout 2024.
Elixir Energy Grandis results could lead to new gas play
