Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) has begun a six-stage stimulation program at its 100% owned Grandis project adjacent to the Wallumbilla gas hub in Queensland.
The program will be undertaken by Halliburton, which yesterday started the multi-stage stimulation program at Daydream-2, with a total of 16,000 hydraulic horsepower of equipment now in use.
The latest program comes after the successful flow test on the Lorelle Sandstone, which flowed gas without stimulation from a depth of 4,200 metres.
It will have six separate stages, targeting two coal zones, three tight gas zones and the Lorelle Sandstone.
Flow testing to start after stimulation
Flow testing is set to begin immediately after stimulation and is aimed at assessing output from both individual zones and overall production.
The results from these tests will provide essential data for an updated resource assessment, which will be conducted following the completion of the flow testing.
Elixir managing director Neil Young said: “We are pleased to announce that the next phase of our Daydream-2 work program has now commenced following the mobilisation of extensive Halliburton kit to the site. Flow testing of our six separate target zones will follow shortly thereafter.
“The multiple objectives of this so far very successful appraisal program will now come to fruition in only a few weeks – we await this with bated breath.”