Elixir's progress to a commercial development, page-4

Summary of the video below:

Pilot overview

• Elixir Energy is an Australian company that is focused on both traditional natural gas exploration and coal seam gas (CBM) exploration.
• The company has a pilot CBM project in Mongolia, which has been producing gas since late 2022.
• The company is working to increase the flow rate by drilling additional wells and optimizing the production process.
• The company is also planning to expand the pilot project to a larger area.
• The company is confident that the Mongolian CBM project has the potential to be a significant source of gas for the country.
• The pilot plant has been successful in dewatering the coal and flowing gas.
• The cost structure in Mongolia is much lower than in Australia, which means that a lower flow rate is required to be commercially viable.

Economics of the Pilot

• The water make from the pilot plant is not excessive, which is a positive factor from an economic point of view.
• The company believes that the market is underestimating the potential of the project due to unrealistic expectations of Australian-style results.
• The company is confident that the project will be commercially successful due to the lower cost structure and higher pricing in Mongolia.

EXR cash position

• The company has a strong cash position and is well-funded to continue development of the project.
• The company believes that the long-term outlook for fossil fuels is positive due to strong supply and demand fundamentals.
• The company is committed to developing clean energy solutions and is exploring the potential for carbon capture and storage at the project site.
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GRANDIS – funding & prospects

• The company has received funding from the Australian government to support its Daydream 2 well project.
• The Daydream 2 well is a deep well that is targeting a large amount of known gas in place.
• The company is also looking for a strategic partner to help with marketing and distribution.
• The company is confident that the Daydream 2 well will be successful and that it will lead to commercial production.
• The company has a strong cash position and is well-funded to continue development of the project.
• The company believes that the long-term outlook for fossil fuels is positive due to strong supply and demand fundamentals.
• The company is committed to developing clean energy solutions and is exploring the potential for carbon capture and storage at the project site.
• The company is confident that it can produce gas at a competitive price and that it can compete with other sources of energy.
• The company is excited about the potential of the Daydream 2 well and believes that it can be a major contributor to the company's future success.