{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Elixir Energy (ASX:EXR) - Partnering with Major to Target Major Gas Resource","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/0d2bf577\"></iframe>","width":"100%","height":180,"duration":2406,"description":"Interview with Neil Young, MD & CEO of Elixir Energy Ltd.Our previous interview: https://www.cruxinvestor.com/posts/elixir-energy-asxexr-drilling-down-unconventional-gas-prize-in-bullish-australian-market-6251Recording date: 18th February 2025Elixir Energy (ASX:EXR) is advancing a significant gas project in Queensland, Australia, following a strategic pivot from its Mongolian operations. The company recently strengthened its position through a deal with Santos, Australia's second-largest oil and gas company, securing a 50% stake in two permits adjacent to its existing acreage.The company plans to drill a key well in Q3 2025 to a depth of over 3,000 meters on the Santos acreage. This well, costing less than $10 million with approximately half potentially funded through R&D tax credits, aims to prove commercial viability by testing productivity and liquids content in an up-dip location expected to be more liquids-rich.Elixir's acreage sits within the Taroom Trough, described as a large, homogeneous unconventional gas play. The company estimates its acreage contains over 30 TCF of gas-in-place in deep coals, though current recovery factors are less than 1%. Shell's presence in adjacent blocks provides validation of the play's potential, with the major having invested approximately $500 million in the region through its own activities and its acquisition of BG Group.The project benefits from strong market fundamentals, with current gas prices around $14/GJ at the Wallumbilla Hub. The market is expected to tighten further, with LNG imports into Southern Australia potentially driving prices above $20/GJ. Queensland's supportive regulatory environment and the growing recognition of gas's role in energy security and transition add to the project's appeal.Beyond the Santos acreage well, Elixir plans to drill the Diona-1 conventional well in mid-2025 and is seeking a farm-in partner for its 100% owned acreage. The company's management team, led by CEO Neil Young, brings...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}