Elixir Energy MD Neil Young Tells JustStocks Of Material Stabilised Flow Rate Achieved At Daydream-2 Well

Elixir Energy Limited (ASX: EXR) MD Neil Young speaks with JustStocks Video soon after revealing the results of a successful extended flow test at the company’s Daydream-2 well within the Grandis Project in Queensland. EXR recorded a maximum rate of 2.3 Million Standard Cubic Feet Per Day (MMSCFPD) and a stabilised flow rate of 1.3 MMSCFPD. Young says the well is now shut in for longer term pressure build-up before stimulation begins later in the month. The company adds that this discovery could signal a new Queensland gas play at a critical time of a looming domestic gas shortage.

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