Elixir Energy Ltd (ASX:EXR) has made strong progress in drilling the Daydream-2 appraisal well in its 100%-owned Grandis Gas Project in the Taroom Trough of the Bowen Basin, Queensland.
The tophole section of the well has now been drilled to its full 856 metres, cased and cemented.
Drilling will continue through the intermediate section, having already passed 2,050 metres overnight,
The company says this section will be drilled to a total of 2,950 metres, after which logs will be obtained under the recently announced Data Services Agreement with Origin Energy – at Origin’s cost.
Read: Elixir Energy will share information with Origin Energy for Grandis Gas Project
Cultural Heritage and Management Agreement
EXR has also recently executed a Cultural Heritage and Management Agreement (CHMA) with representatives of the Mandandanji people.
The agreement provides a long-term framework for managing cultural heritage matters across virtually all of ATP 2044 (the Grandis Gas Project), including as and when the project moves to a development phase.
“The Board of Elixir was very pleased to meet with representatives of the Mandandanji people on country and execute a long-term CHMA,” Elixir Energy managing director Neil Young said.
“We believe this will provide a strong foundation for an ongoing relationship with the traditional owners, to our mutual benefit.
“We are also very pleased to see that the drilling of Daydream-2 is going to plan and we are on track at this point to meet our initial estimates of around one month to get to total depth.”