{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Elixir Energy (ASX:EXR) - New Gas Source for Tightening East Coast Market","html":"","width":"100%","height":180,"duration":1978,"description":"Interview with Neil Young, MD & CEO of Elixir Energy Ltd.Our previous interview: https://www.cruxinvestor.com/posts/elixir-energy-asxexr-drilling-for-big-gas-in-australia-3282Recording date: 8th April 2024Elixir Energy (ASX:EXR) is an Australian energy company on the verge of proving up a significant new gas resource in Queensland's gas-rich Bowen Basin. With strong macro tailwinds driving Eastern Australia's gas market and encouraging results from recent drilling, Elixir offers investors exposure to a potential high-impact gas play as it moves into a key appraisal phase over the coming months.The company's flagship asset is its 100%-owned Nomgon IX CBM PSC, located in a highly prospective yet underexplored portion of the Bowen Basin. This region has a rich history of coal and gas production and features established export infrastructure, including pipeline connectivity and nearby LNG export terminals.Elixir's recent drilling program has delivered highly encouraging results, confirming the presence of a significant in-place gas resource. A deep exploration well drilled in late 2022 encountered an unexpected gas kick from a previously unknown conventional sand formation, with lab analysis confirming reservoir characteristics analogous to the prolific Perth Basin. The same well also intersected deep coals with very high gas content of 34 cubic meters per ton, pointing to substantial unconventional resource potential.The company is now gearing up for a crucial stimulation and flow testing program, set to commence in May-June 2024. This will be a key catalyst for the stock, with successful tests potentially demonstrating commercial flow rates and paving the way for initial booking of contingent resources.Importantly, achieving commercial gas flows would also likely trigger farm-out discussions with larger industry players. Elixir is already engaged in discussions with several parties, spanning nearby operators looking to build regional exposure, US players with key...","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}