Elixir's progress to a commercial development

In essence, there had been a fault between the two pilot wells that limited the flow from the pilot.

As Cottee explained - there needs to be communication between the wells to increase desorption and overall the percentage of the gas recovered.

Based on the placement of the following pilot well Nongom 10 with correct proximity to Nongom 9 pilot and with no fault in the geology between them, we can expect the result of higher flow rates.

Again if there is this communication between Nongom 9 and 10, it will aid the desorption and flow as the process will essentially be pulling gas from two different directions.

NY had also indicated that we could expect the 9 x Nongom wells to be wrapped by the hard Mongolian winter - ie. mid/late Dec.

Let's start fresh and discuss the plans moving forward