Elixir Energy Ltd (ASX:EXR) has moved its wholly-owned Grandis Gas Project (ATP 2044) in the Taroom Trough of Queensland's Bowen Basin, to the stimulation and testing phase after completing the casing and suspension of the Daydream-2 well.
This followed the installation of a well-head and the release of the SLR 185 rig from the site.
Lab analysis is also underway on various drill cuttings collected during the drilling of the well with results expected in January.
Moving on multiple fronts
“Following the highly successful completion of the drilling phase of Daydream-2, we are now moving on multiple fronts to prepare for the stimulation and flow testing phase of the project,” Elixir’s managing director Neil Young said.
“As part of that, we are pleased to once again add to our suite of agreements with world-leading partners for our Grandis program.
"Our recently struck arrangements with Halliburton (NYSE:HAL) are not just for the provision of services – but also a recognition of the enormous potential of the Taroom Trough – and how that can be liberated by cutting edge stimulation techniques.”
Agreement with Halliburton
After a rigorous tender process, Elixir has also finalised an agreement with Halliburton, appointing it as the primary contractor for the forthcoming comprehensive stimulation program, scheduled for the Daydream-2 appraisal well in the coming year.
Halliburton is renowned globally for its expertise in hydraulic fracturing and offers cutting-edge solutions that aid operators in enhancing fracture efficiency, thereby optimising the value of their assets.
The collaboration between Elixir and Halliburton extends beyond the stimulation program as they will jointly engage in various research and development initiatives aimed at refining the stimulation results at Daydream-2.
This will involve leveraging a range of technological advancements that have emerged in the United States over the past decade.
Elixir's plan encompasses stimulating both sandstone and coal zones. Achieving successful gas flow from the coal zones could markedly increase the company's contingent resources.
The drilling outcomes, data collection and continuous analytical efforts are contributing to the enhancement of the subsequent phase of the Daydream-2 program.
The initial stages of the physical work program are anticipated to begin in February, as per Elixir's expectations.