Why is Elixir Energy in a Trading Halt?
Elixir Energy Limited
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Why is Elixir Energy in a Trading Halt?

Elixir Energy Limited: Pioneering the Frontier of Gas Exploration

In a strategic maneuver laced with anticipation and rife with possibilities, Elixir Energy Limited (ASX: EXR) has invoked a temporary trading halt on its securities. This calculated pause in the trading cycle precedes a forthcoming announcement by the Company—a revelation poised to disclose the initial drilling results from its Daydream-2 appraisal well.

Embarking on the Frontier of Gas Exploration

Steering its ambitions towards a horizon teeming with potential, Elixir Energy stands tall as an Australian gas exploration and development enterprise. Central to its pursuits are vigorous natural gas exploration and appraisal programs unfurling across the landscapes of Mongolia and Queensland, Australia.

Nomgon IX Coal Bed Methane (CBM) Project: A Jewel in the Crown

Nestled within the expanse of the South Gobi region in Mongolia lies the Nomgon IX Coal Bed Methane (CBM) Production Sharing Contract (PSC) project—Elixir Energy's most prominent asset. Covering a colossal expanse of approximately 30,000 km², this project stands certified, boasting a giant CBM risked recoverable prospective resource of 14. 6 Tcf (best case).

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The Nomgon Project emerges as a beacon of potential, casting a transformative shadow across the realm of energy exploration.

Grandis Gas Project: Unveiling Potential in Queensland

Further bolstering its portfolio, Elixir Energy commands 100% ownership of Queensland's exploration permit ATP 2044, known as the Grandis Gas Project. With an initial contingent resource (2C) of 365 billion standard cubic feet of gas, this asset underscores the company's commitment to unlocking untapped reserves, driving innovation, and shaping the energy landscape.

Pioneering Green Initiatives

Beyond the frontiers of conventional gas exploration, Elixir Energy is carving a path toward sustainable energy solutions. In a visionary stride, the company is steering the development of the Gobi H2 green hydrogen project and a solar initiative in Mongolia. These pioneering ventures stand testament to Elixir Energy's commitment to not only harnessing natural resources but also embracing renewable energy avenues.

A Pause that Presages Promise

As the trading halt seeks to pave the way for a monumental disclosure regarding the Daydream-2 appraisal well's initial drilling results, Elixir Energy emerges as a vanguard in the pursuit of innovative energy solutions. The trading hiatus, while temporary, marks the dawn of a crucial revelation—an announcement that is poised to ripple through the fabric of gas exploration and fuel the narrative of sustainable energy evolution.

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