General chit chat thread., page-2893

Firstly I want to say I understand my positivity all things Elixir isn’t everyone’s view and that we all have the right to express them.

Yes I research this and many similar companies and I do converse with a few likeminded individuals regularly and with the management of Elixir.

I think it’s well known we are in a difficult environment which has many macro forces making any progress sp wise very hard to sustain.

A few points I think are worth remembering about Grandis:

We have only had an initial contingent resource estimate(Erce 2022)prior to drilling this appraisal- tight sandstone reservoirs only!

We have now shown an excellent net pay, interestingly more than one of our neighbours whom have billionaire backers.

We are surrounded by Majors undertaking extensive drilling operations.

We have free flowing gas - never happened before in this area.

We have a silent partner not wanting a return paying 48.5% of the costs.

Like it or not we now have a healthy balance sheet, the funds will primarily be used to expand the imminent Daydream-2 stimulation and testing program at the Grandis Gas Project in Queensland’s Taroom Trough. This will include pursuing new options arising from the recent free gas flow.

We are undertaking additional lab analysis of which results from these will come out in the weeks to come, this could provide some additional information.

Upgraded contingent resource to come.

Our team is highly experienced and stable.

Australia needs gas and this area is the next super basin about to be realised over the next 12 to 24 months and any one of the companies could unlock the code and we will all be the beneficiaries.

Lastly Mongolian CBM also has many challenges but Elixir are undertaking an extended pilot test and Nomgon 10 shows improved permeability and lower formation damage, ie lessons learned from being the pioneer. This will have its time in the sun come mid 2024!

GPTAH