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Elixir Energy confirms contribution of flow from upper zones at Daydream-2

Published 04/09/2024, 09:29 am
Updated 04/09/2024, 10:00 am
© Reuters.  Elixir Energy confirms contribution of flow from upper zones at Daydream-2
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Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) has run a production logging tool (PLT) over the majority of the key stimulated zones of Daydream-2 well at Project Grandis in Queensland which has confirmed the contribution of flow from upper zones.

While this provided encouragement at the 100%-owned project in the Taroom Trough, it also demonstrated that the lower zone is dominating the flow.

Fluid and some proppant in the bottom of the wellbore across the deeper zones is hampering the optimal flow rate.

Elixir’s managing director Neil Young said: “It is very pleasing to have the PLT confirm flows from the upper stimulated zones in Daydream-2.”

CTU to return

The Coil Tubing Unit (CTU) that is currently with a neighbouring operator will be brought back to the well-site to undertake nitrogen lift and clean-out work.

This is anticipated to occur before the end of the month but is subject to the pace of operations of the neighbour.

Elixir said the flow testing phase of operations would then be finalised.

"Although a little bit frustrating,” Young said, “the slight delay as we wait for the return of the CTU is in fact reflective of the hectic pace of multi-operator activity in the Taroom Trough, which we can only see accelerating as the importance of this region to Australia’s gas supplies is increasingly recognised.”

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