Elixir Energy Moving on Multiple Fronts at Grandis Gas Project in Queensland
What is Elixir Energy?
An Australian energy company, Elixir Energy, focuses on finding and developing natural gas.
They specialize in coal-bed methane, which is a type of natural gas that is trapped in coal seams. Elixir Energy is developing projects in Australia, Mongolia, and Indonesia.
Elixir Energy's Grandis Gas Project
The Grandis Gas Project is located in the Taroom Trough, a region in Queensland, Australia, known for its natural gas reserves.
Elixir Energy has been working on the project since 2015 and has made significant progress in recent months.
The Daydream-2 Appraisal Well
In May 2023, Elixir Energy announced that it had secured funding for the Daydream-2 appraisal well.
This well will be used to test the potential of a new gas field in the Grandis Gas Project area.
The East Coast Gas Crisis
Australia is facing a shortage of natural gas, which has led to higher prices for consumers and businesses.
The Grandis Gas Project could help to ease this shortage by providing a new source of natural gas for the east coast of Australia.
The Future of Elixir Energy
Elixir Energy is a promising company with a strong portfolio of natural gas assets.
The Grandis Gas Project is a key part of the company's growth strategy, and the recent funding for the Daydream-2 appraisal well is a significant step forward.
With continued success, Elixir Energy could become a major player in the Australian natural gas market.
Additional Information
- Elixir Energy website
- The Australian article about Elixir Energy
- Proactive Investors article about Elixir Energy
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