Member Info for Oilfarmer

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

And EXR.AX has been drilling progressing their assets throughout the last 18 months

How many drilling seasons is MB intending to miss ?
GL Oilf.

In the Meantime what has Mike Buck been doing ?

Zippo is Not very impressive !!

GL. Oilf.

MM shenanigans going on Everywhere on Oil & Gas
It's called Ukraine !!

GL. Oilf.

Schlumberger are the kiddies !!

GL. Oilf.

Those ?? ?? were celebratory emojis' !!
Lost in translation !!

Schlumberger have underwritten a lot of oil find data for me over the last 10 years. So happy to run with them !!
GL. Oilf.

Schlumberger are the kiddies ?? ?? !!

GL. Oilf.

13.6 p ?

Sounds GREAT

But When does that kick in ?

GL - Oilf.

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

How do you get rid of videos on this Discussion page ?
Not interested !!
Thanks - Oilf.

With pics of Rig on Iceroad !!

GL - Oilf.

And with Brent Crude at $72/bbl

Putin has the EU over a barrel (6x barrels if priced at $420/boe) !!

And Ukraine Sanctions to come ?

Pfhut !!

GL Oilf.

Go direct not via Gobi Desert !! https://www.thehindubusinessline.com/business-tech/coming-soon-rooftop-hydrogen/article37855340.ece

Still no EL ?
MATAD (& Mongolia) is the best joke since the invention of oil exploration....

GLALTH - Oilf.

When does Q2 end ?
Asking for a friend !!

GLA - Oilf.

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

https://t.co/asJBNAVrzl?amp=1