How is Elixir Energy Exploring the Bowen Basin with their Grandis Gas Project?
Elixir Energy Limited
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How is Elixir Energy Exploring the Bowen Basin with their Grandis Gas Project?

Elixir Energy Provides Exciting Progress Report on Daydream-2 Appraisal Well in the Taroom Trough

Elixir Energy Limited, a leading energy company, is thrilled to share an update on the drilling of the Daydream-2 appraisal well in their Grandis Gas Project, located in the Taroom Trough of the Bowen Basin in Queensland. This progress report showcases the remarkable advancements made by Elixir in the pursuit of clean and efficient energy sources.

Drilling Milestone

The intermediate section of the Daydream-2 appraisal well has been successfully drilled to a depth of 2,915 meters, marking a significant milestone in the project's timeline. As the drilling process continues, the well is currently being cased and cemented, ensuring its stability and integrity.

Collaboration with Origin Energy

In a momentous development, Elixir Energy has recently obtained wireline logs for Origin Energy, a major player in the energy industry, under the newly established Information Sharing Agreement. This agreement allows for the seamless exchange of valuable data between the two companies. Notably, Origin Energy has assumed the sole cost of this logging program and will further contribute $1 million to Elixir Energy as part of their agreement.

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Excitement Builds

Mr. Neil Young, the Managing Director of Elixir Energy, expressed his enthusiasm about the ongoing drilling operation, stating, "The drilling of Daydream-2 continues to go very well, and we are on track to meet our estimate of around one month to reach total depth. " This optimistic outlook highlights the extraordinary progress made in a relatively short period.

Tapping Into the Energy Super Basin

The successful acquisition of logs for Origin Energy's carbon capture and storage project in the region serves as a testament to the immense economic and environmental potential of the Taroom Trough. Elixir Energy firmly believes that the Taroom Trough has the potential to emerge as an "Energy Super Basin," a hub of renewable and sustainable energy production.

Elixir Energy Limited's Daydream-2 appraisal well project is making remarkable headway. With the intermediate section of the well drilled to an impressive depth and collaborative efforts with Origin Energy yielding fruitful results, the future of clean energy in the Taroom Trough looks promising. Elixir Energy's unwavering commitment to meeting energy demands while prioritizing environmental sustainability is commendable, and their progress sets a noteworthy example for the industry. As the world continues to seek efficient and renewable energy sources, Elixir Energy Limited is undoubtedly at the forefront of this transformative journey.

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