Elixir Energy Starts Fracture Stimulation and Testing at Diona-1 Well

Elixir Energy Limited ( (AU:EXR) ) has shared an update.

Elixir Energy has begun rigging up stimulation equipment at its Diona-1 exploration well in Queensland’s Surat-Bowen Basin, marking the imminent start of a three-zone fracture stimulation program targeting measured Permian gas-condensate pay. The well will then be completed with tubing and subjected to flow testing and pressure monitoring to assess production potential and reservoir characteristics.

Data gathered from flowback, pressure testing, and hydrocarbon sampling could confirm that Diona-1 lies within the western extent of the Taroom Trough, which would significantly upgrade the prospectivity and resource potential of the Diona sub-block. A successful test would also expand Elixir’s Taroom Trough acreage and resource position, and, given the well’s proximity to the Waggamba–Silver Springs pipeline and the Wallumbilla-linked gas network, could enable a rapid commercialisation path for any discovered gas-condensate resource.

More about Elixir Energy Limited

Elixir Energy Limited is an Australian energy company focused on gas exploration and development, with interests in the Surat-Bowen Basin in Queensland. The company holds a 49% stake in the ATP2077 Diona sub-block joint venture, targeting gas-condensate resources near existing gas fields and pipeline infrastructure supplying the eastern Australian gas market.

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