Elixir Energy Limited (AU:EXR) has released an update.
Elixir Energy Limited has successfully completed testing at the Daydream-2 well in Queensland, with five out of six zones producing gas, paving the way for transforming prospective resources into contingent ones. The well, which will be put on hold for future gas production, achieved a maximum flow rate of 2.6 MMSCFD. Elixir is now moving towards securing a retention lease for the project, ensuring compliance with all license obligations for ATP 2044.
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