- Post drilling, casing and cementing the top hole at 682m MDRT (Measured
Depth below Rotary Table), Lorelle-3 has been drilled to the planned
intermediate section depth at 2,320m MDRT and has commenced the
running of casing.
- After casing and cementing of the intermediate section, Elixir will commence
the drilling of the reservoir section of Lorelle-3.
Elixir Energy Limited provides an operational update on the
Lorelle-3 appraisal drilling campaign in ATP2056 within Queensland锟絪 Taroom Trough.
Operations Completed
Elixir successfully drilled the 17-1/2锟� top hole and then cased and cemented the 13-3/8锟�
casing in place at a measured depth below rotary table (MDRT) of 682m. Subsequently, post
installation and testing of critical well control equipment, Lorelle-3 has been drilled ahead in
12-1/4锟� hole in the intermediate section to a section final depth of 2,320m.
Forward Program
9-5/8锟� casing is currently being run into the intermediate hole section which will be cemented
in place. At the conclusion of intermediate casing operations, Elixir will run in and commence
drilling the reservoir section of Lorelle-3 with LWD (logging while drilling) tools on the drill
string, with a view to reaching and identifying the primary target (the Dunk member of the
Tinowon Sandstone) before pulling out the drilling assembly and then commencing coring
operations. Post coring operations, the drilling assembly will be run back into the hole, and
the Lorelle-3 pilot will be drilled to final target depth before the running of wireline logs.
About Lorelle-3
Lorelle-3 (L3) in ATP2056 (50% EXR and operator of the L3 appraisal well, 50% STO and
operator of the permit thereafter) located at 26锟� 58锟� 40.184锟絊, 149锟� 29锟� 15.986锟紼 will be drilled
in two-phases. Initially a pilot hole is planned to be drilled to 3,600m total vertical depth,
collecting core and logs in an expanded evaluation program across the various Permian
sandstone targets within the Basin Centred Gas Play of the Taroom Trough (Bowen Basin). The
primary target of L3 is the Dunk member of the Tinowon Sands with the secondary targets
including the Overston and Lorelle Sandstones in the Back Creek Group and potential
reservoirs within the Kianga Group. Upon reaching target depth, Elixir will move immediately
into the second phase of the drilling campaign which will include the placement of at least a
1,000m horizontal sidetrack into the primary target which will then be cased and suspended
for stimulation and production testing.
The data and core gathered from the expanded
evaluation campaign will then lead into a series of
experiments and laboratory work that will support
the design and execution of an optimal
stimulation. Elixir then intends to execute a multistage fracture stimulation and production test at
L3 prior to June 2026. This sidetrack and flow test
is designed to demonstrate commercial flow rates
of gas and condensate from the Basin Centred
Gas Play and then lead into a possible maiden
Reserve conversion of the underlying Resource.
The L3 appraisal well costs associated with its
qualifying activities that cover the drilling, coring,
logging, analysis, completion, stimulation and
testing of the well, will be eligible for up to a 48.5%
refund via the Advanced Finding that Lorelle-3 has
qualified for under the Federal Governments
Research and Development Tax Incentive and tax
return processes.
L3 will be one of the highest impact wells in the Taroom Trough in 2026 as it is being drilled
and tested ~10km from the best penetration of the Taroom Trough锟絪 Tinowon 锟紻unk锟� Sands,
in Shell锟絪 Dunk-1 well. L3 will be the first well outside of the Shell acreage drilled on the upper
western flank of the Taroom Trough and has the opportunity to validate the value, quality and
materiality of Elixir锟絪 substantial Taroom Trough acreage position.