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Elixir Energy prepares for final phase of flow testing at Daydream-2 wellsite, Project Grandis

Published 30/09/2024, 10:52 am
© Reuters.  Elixir Energy prepares for final phase of flow testing at Daydream-2 wellsite, Project Grandis

Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) has secured the use of a Coil Tubing Unit (CTU) for the final phase of flow testing at the Daydream-2 well of the wholly-owned Project Grandis in Queensland’s Taroom Trough.

The CTU was released from a neighbouring operator and has now been deployed to EXR’s well location.

The unit will be used to clean out fluid and proppant which has dropped to the bottom of the hole, having already been rigged up on the wellbore.

Final stage of testing imminent

“We are very pleased to continue the close operational working relationship with our neighbouring operator over such matters as coordinating the utilisation of the key CTU,” Elixir Energy managing director Neil Young said.

“And of course we are very excited by the now imminent final stage of the to-date very successful Daydream-2 work program.”

Elixir expects to achieve an optimal stabilised flow rate at Daydream-2 once the CTU has removed all proppant and fluid from the bottom of the wellbore, with testing to begin later the same week.

The well has already demonstrated strong gas flows back to surface, with both the upper and lower zones contributing gas.

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

Once the CTU has done its work, EXR will be able to draw a full picture of the well’s potential unhampered by blockages.

Read more on Proactive Investors AU

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