Curated News
By: NewsRamp Editorial Staff
April 09, 2024
Elixir Energy Makes Groundbreaking Gas Discovery in Queensland
Discuss on RedditTLDR
- Elixir Energy's gas find at Grandis project could give them a significant advantage in the Australian gas industry.
- The Lorelle Sandstone at the Daydream-2 well at Grandis project achieved an impressive flow test of 1.3 million standard cubic feet per day, peaking at 2.3 million without stimulation.
- The gas find at Grandis project could address the looming domestic gas shortage, making the world a better place by ensuring gas supply for the future.
- Elixir Energy's discovery of the deepest unstimulated gas flow in onshore Australia at Grandis project is both interesting and educational for the industry.
Impact - Why it Matters
The discovery of a significant gas find in Queensland by Elixir Energy Ltd could have far-reaching implications for the Australian gas industry and the looming domestic gas shortage. This breakthrough could potentially mark the deepest unstimulated gas flow in onshore Australia, east of the Perth Basin, and could lead to a new, strategically located gas play in Queensland.
Summary
Elixir Energy Ltd's managing director Neil Young discusses a significant gas find at its 100%-owned Grandis project in Queensland, potentially marking the deepest unstimulated gas flow in onshore Australia, east of the Perth Basin. The Lorelle Sandstone at the Daydream-2 well exhibited an impressive initial flow test, achieving a stabilised rate of 1.3 million standard cubic feet per day, peaking at 2.3 million without stimulation. This could be the beginning of a new, strategically located gas play in Queensland, which could be crucial in addressing the looming domestic gas shortage.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Elixir Energy Makes Groundbreaking Gas Discovery in Queensland
