Elixir Energy resumes Daydream-2 Operations

Proactive - Interviews for investors

Elixir Energy Ltd (ASX:EXR) managing director Neil Young joins Proactive’s Jonathan Jackson to provide an update on the Daydream-2 program in its 100%-owned Grandis Project located in Queensland’s Taroom Trough. On-site operations for the Daydream-2 stimulation and testing program have resumed with the return of Elixir’s contracting staff to the well-site. Preparations are underway for the arrival of the coil tubing unit (CTU), which was recently imported from New Zealand to conduct work for both Elixir and its neighbouring Operator. During these preparations, the pressure at the Daydream-2 wellhead was measured at 3,410 psi, despite the presence of a full column of saline water in the hole. This high pressure, though safely contained behind two barriers and not posing any immediate issues, was unexpected. The high wellhead pressure may be attributed to a leaking temporary plug separating the high pressure Lorelle sandstone from the wellbore and/or to perforations above the Lorelle sandstone, which were assessed as low-quality siltstones during a recent blockage removal, potentially contributing high pressure gas. The upcoming program will seek to clarify this issue as Elixir plans to flow test the Lorelle sandstone and stimulate other zones higher in the well. Young highlighted the potential of the Taroom Trough for significant gas contributions from its extensive sedimentary sections. #ProactiveInvestors #ElixirEnergy #ASX #Daydream2, #GrandisProject, #TaroomTrough, #QueenslandGas, #EnergyUpdate, #WellheadPressure, #GasExploration, #EnergySector, #NeilYoung, #CTUArrival, #WellStimulation, #LorelleSandstone, #GasTesting, #OilAndGas, #ExplorationUpdate, #EnergyNews, #HighPressure, #WellOperations, #ResourcePotential #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews