Can Elixir Energy's Novel Techniques at Daydream-2 Revolutionize Gas Extraction in Australia?

Elixir Energy has successfully completed a multi-zone stimulation program at the Daydream-2 well, part of its Project Grandis in Queensland. The program involved the use of novel techniques, some of which were applied in Australia for the first time. The company now moves into the flow testing phase, with the aim of converting prospective gas resources into contingent resources. This development underscores Elixir's commitment to advancing stimulation technology and its potential impact on the Australian energy sector.

Stimulation Success: A Milestone in Project Grandis

Elixir Energy has achieved a significant technical victory with the successful stimulation of six separate zones at the Daydream-2 well. Located within the company's Project Grandis in Queensland's Taroom Trough, the well has seen innovative techniques applied to its operations, setting a precedent in Australia. The stimulated zones include the Lorelle Sandstone, which recently reported successful gas flows, along with three additional sandstones and two coal zones above.

Story Continues.. after this ad because we need some dollarydoos

The successful stimulation of these zones is a critical step in Elixir's strategy to unlock the full potential of the Taroom Trough, a region that has seen intermittent appraisal efforts over the last decade. The company's use of novel stimulation methods reflects its commitment to pushing the boundaries of gas extraction technology in Australia.

Pioneering Techniques in Australian Gas Extraction

The stimulation program at Daydream-2 involved the application of various novel methods, some of which have been utilized for the first time in Australia. These techniques are the result of extensive research and development, marking a significant advancement in the field. Elixir's Managing Director, Mr. Neil Young, emphasized the pioneering nature of this work, crediting the success to the technical team and contractors involved.

These innovations are expected to play a key role in the next phase of operations, where the focus will shift to flow testing. The successful application of these techniques could potentially redefine industry standards for similar projects across the country.

Moving Forward: Flow Testing and Resource Conversion

With the stimulation phase concluded, Elixir Energy is now preparing to commence flow testing at the Daydream-2 well. This phase is crucial as it aims to confirm the separate flow of gas from the coals, a step that would allow the company to begin converting prospective resources into contingent resources. The flow test will involve milling out all plugs and flowing all zones together, with the duration of the test dependent on various factors, including clean-up time and initial results.

Elixir’s approach to this phase will be adaptive, with formal reporting contingent on the outcomes as they develop. The company remains optimistic about the potential of the Daydream-2 well to contribute significantly to its resource base.

Leadership and Future Prospects

Elixir Energy’s Managing Director, Neil Young, expressed pride in the successful completion of the stimulation program, highlighting the pioneering aspects of the project. He praised the technical team's efforts and looked forward to the upcoming flow testing phase, which he described as the culmination of the entire program.

As Elixir moves forward with Project Grandis, the successful conclusion of the stimulation phase at Daydream-2 positions the company as a leader in the application of advanced gas extraction techniques in Australia. The upcoming flow tests will be closely watched, as they have the potential to significantly enhance Elixir's resource base and set the stage for future developments in the Taroom Trough.

Elixir Energy’s achievements at the Daydream-2 well are a testament to the company's innovative approach and commitment to advancing the Australian energy sector. With the stimulation phase successfully concluded, all eyes are now on the flow testing phase, which could further solidify Elixir's position as a key player in the industry. The results of this next phase will be crucial in determining the future trajectory of Project Grandis and Elixir's broader ambitions in the region.

Promote your business on our growing investor platform: Advertise With Us

Like

Reply 78 Share