HIGHLIGHTS
• Six stage stimulation program now underway
• Stimulation phase to be immediately followed by extensive flow testing
• The Lorelle Sandstone, which has already flowed a stabilized 1.3 million cubic feet per
day, will be included in the stimulation and flow testing program
Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an operations update on its
100% owned Grandis project located adjacent to the Wallumbilla gas hub in Queensland.
Following the recent successful flow test on the Lorelle Sandstone, which flowed gas without
stimulation from a depth of 4,200 metres, the next phase of the Daydream-2 appraisal project is now
underway.
Global leader in stimulation services Halliburton yesterday commenced the multi-stage stimulation
program at Daydream-2, with a total of 16,000 hydraulic horse power of equipment now in use.
This program will have six separate stages, targeting two coal zones, three tight gas zones and the
Lorelle Sandstone. Flow testing will follow immediately thereafter – with a view to measuring flows
from individual zones as well as in totality. Such measurements will be key inputs into a revised
resource assessment, which will follow the flow testing.
Elixir’s Managing Director, Mr Neil Young, said: “We are pleased to announce that the next phase of
our Daydream-2 work program has now commenced following the mobilization 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.”