The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
5 May 2022
OPERATIONS UPDATE
HIGHLIGHTS
• Tim-2 well drilled
• Yangir-4 appraisal well recently spudded
• Bulag Suuj-1S exploration well due to spud later this week
Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an update on the coal bed
methane (CBM) exploration/appraisal program underway across its 100% owned Nomgon IX Coal
CBM Production Sharing Contract (PSC).
The Company has recently finished drilling the Tim-2 appraisal well – a follow on from the successful
Tim-1S exploration well drilled earlier this year. Tim-2 logged drilled to a total depth of 1,020 metres
– the deepest well Elixir has drilled in Mongolia to date. It logged 3 metres of coal and 5 metres of
silty coal. Localized faulting is attributed for the decrease in coal thickness from Tim-1, and Elixir will
now integrate the Tim-2 results with geological mapping, age dating and potentially new seismic to
better define this coal bearing sub-basin.
Newly hired drilling contractor Ellecohr LLC has recently spudded its first well for Elixir, Yangir-4, an
appraisal well in the previously identified coal bearing Yangir sub-basin.
The Top Diamond Drilling LLC rig which drilled Tim-2 has now mobilized to a new potential sub-basin
in the West of the PSC (see map below) and will spud the Bulag Suuj -1 well imminently.
https://wcsecure.weblink.com.au/clients/elixirenergy/v2/headline.aspx?headlineid=61090634
Yahoo - 88e about to turn the corner
https://finance.yahoo.com/news/88-energy-limited-asx-88e-230414601.html
GL - Oilf.
Re-run of 2020 - was it ?
https://www.adn.com/business-economy/energy/2020/02/26/huge-drilling-rig-takes-an-unusual-drive-down-alaskas-dalton-highway/
Fun to come !!
GL - Oilf
Go direct not via Gobi Desert !! https://www.thehindubusinessline.com/business-tech/coming-soon-rooftop-hydrogen/article37855340.ece
Although this article may be a piece of Covid politicising it may explain the previous and/or current health/lockdown situation in Mongolia ?
Hope not & that things improve for everyone's health soon !!
GL - Oilf.
https://www.nytimes.com/2021/06/22/business/economy/china-vaccines-covid-outbreak.html?smid=em-share
How's my favorite Joke Share in my favorite Joke Country going today ?
No EL after 18+ months
Another whole drilling/operational season going missing ?
What's the problem Mike Buck, Ukhnaagiin Khürelsükh sirs ?
Thank you.
Oilf.
New Mongolian President
Consolidation ?
https://t.co/asJBNAVrzl?amp=1