Elixir Energy Reports Positive Progress at Lorelle-3H Gas Appraisal Well
Elixir Energy Limited (ASX: EXR) has reported encouraging progress at its Lorelle-3H appraisal well in Queensland’s Taroom Trough as the project moves closer to gas-condensate production testing. Following the successful removal of stimulation plugs, the company commenced a controlled flowback program that has progressed as planned. Gas began flowing soon after the operation started, with sustained gas production established within five days. As stimulation fluid recovery continues to decline, gas flow rates and wellhead pressure have strengthened, indicating a smooth transition toward stable gas production and supporting confidence in the well's production potential.
Production testing is expected to continue throughout July to assess peak gas-condensate flow rates and reservoir performance. The program aims to demonstrate the commercial viability of the Tinowon 'Dunk' Sandstone and advance the development of Elixir's extensive Taroom Trough gas resources. Additionally, eligible drilling, completion and testing activities at Lorelle-3H qualify for a potential refund of up to 48.5% under the Australian Government's Research and Development Tax Incentive, improving the project's overall economic outlook.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Elixir Energy Reports Positive Progress at Lorelle-3H Gas Appraisal Well
Elixir Energy Limited (ASX: EXR) has reported encouraging progress at its Lorelle-3H appraisal well in Queensland’s Taroom Trough as the project moves closer to gas-condensate production testing. Following the successful removal of stimulation plugs, the company commenced a controlled flowback program that has progressed as planned. Gas began flowing soon after the operation started, with sustained gas production established within five days. As stimulation fluid recovery continues to decline, gas flow rates and wellhead pressure have strengthened, indicating a smooth transition toward stable gas production and supporting confidence in the well's production potential.
Production testing is expected to continue throughout July to assess peak gas-condensate flow rates and reservoir performance. The program aims to demonstrate the commercial viability of the Tinowon 'Dunk' Sandstone and advance the development of Elixir's extensive Taroom Trough gas resources. Additionally, eligible drilling, completion and testing activities at Lorelle-3H qualify for a potential refund of up to 48.5% under the Australian Government's Research and Development Tax Incentive, improving the project's overall economic outlook.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au