Elixir Energy Unearths Game-Changing Gas Reservoir: A New Dawn in Australian Energy?
Elixir Energy Limited
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Elixir Energy Unearths Game-Changing Gas Reservoir: A New Dawn in Australian Energy?

GAS FLOW FROM PERMEABLE ZONE PROVIDES UNEXPECTED UPSIDE

Elixir Energy Limited Unveils Remarkable Find in Grandis Gas Project

In a thrilling turn of events, Elixir Energy Limited has unveiled a groundbreaking discovery at its Grandis Gas Project, nestled within the Bowen Basin's Taroom Trough in Queensland. The company's latest revelation, centered around the Daydream-2 appraisal well, has sent ripples of excitement throughout the energy sector.

A Surprising Revelation

At the heart of this excitement lies an unexpected find: a naturally permeable gas-bearing zone discovered during operations at the Daydream-2 appraisal well. Astonishingly, gas flowed to the surface without any stimulation, marking a pivotal moment in the project's exploration journey.

Deeper Exploration and Unexpected Results

As the Daydream-2 well reached a Total Depth (TD) of 4,300 meters—about 100 meters deeper than the initial plan—it showcased elevated gas levels beyond pre-drill estimations. This unforeseen depth not only indicates the potential for operational flexibility in future phases but also holds promising implications for Elixir's appraisal plans.

Encountering the Unexpected

During the final 100 meters of drilling, a rapid increase in well penetration, known as a "drill break," was encountered.

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This drilling break coincided with a substantial gas influx from the formation into the wellbore. Employing industry best practices, the gas influx was safely circulated out of the well to the rig's flare, capturing attention in a short video shared on the Company's YouTube channel.

Implications of the Discovery

The volume of gas flared, estimated at around 50,000 cubic feet, necessitated adjustments in drilling fluid to safely reach the TD of 4,300 meters. This unexpected encounter with a permeable reservoir section at such depths holds significant promise for Elixir's Grandis Gas Project, offering substantial upside potential.

Future Steps and Evaluation

Despite the excitement, substantial further evaluation is warranted to fully comprehend the implications of this groundbreaking discovery. Wireline logs will be acquired, followed by a meticulous petrophysical evaluation. Subsequently, the well will be cased and suspended, allowing for the compilation of critical data to shape Elixir's future plans for extensive evaluation, completion, and production testing.

Managing Director's Enthusiasm

Expressing immense enthusiasm, Elixir's Managing Director, Mr. Neil Young, emphasized the profound significance of flowing gas without stimulation from such a deep section. He highlighted the potential to unlock a new frontier in Australian deep gas exploration, captivating interest from various stakeholders. Moreover, he lauded the well's performance, surpassing expectations across geological, engineering, economic, and project management fronts.

Elixir Energy Limited's unprecedented discovery of a permeable gas zone at unexpected depths in the Daydream-2 well presents an exhilarating opportunity within the Grandis Gas Project. As the company progresses with evaluations and plans for further testing, the implications of this find could potentially shape the future of deep gas exploration in Australia, attracting widespread attention from the energy sector.

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