An initial review of the Piedra Redonda gas field reveals a best estimate resource of 404 billion contingent cubic feet and 2.2 trillion of upside.
Jade enhances its gas supply pact with Mongolia’s largest gas distributor as it looks towards commercialisation and mass scale sales.
Coal cuttings from the primary Grandis targets greatly exceed expectations and provide a large, innovative increase to the contingent resources.
Brookside spuds the first of four more oil wells lined up for back-to-back operations and simultaneous production in 2024.
Australian company Elixir Energy is confidently seeking new gas plays near its successful Daydream-2 well in Queensland.
The wellhead is in place at Daydream-2 and stimulation and testing planning is now being refined in the wake of rousing results.
Targeted coal zones totalling 65 metres stand as a key target to stimulate, flow, and add hefty net pay and production potential to Daydream-2.
Elixir will direct a bulk of new capital to Daydream expansion while investigating new opportunity in an emerging Super Basin.
Strong cash, no debt, a rosy outlook on energy prices, and excellent adjacent results spur Brookside toward a transformational campaign.
Drilling continued to show elevated levels and during an extra 100 metres, Elixir encountered an unexpected but rapid increase.