EXR 2.94% 6.6¢ elixir energy limited

Ann: Drilling update, page-4

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  1. 5,209 Posts.
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    Some will remember the calculations I done a while back. Now we have our first glimpse at thickness they are perhaps a little more meaningful

    $22m of gas per km2 (well drainage zone). We needed to have at least $5m to be worthwhile

    I'm working off 10m3/t gas sat so this is yet to be confirmed as is the final coal thickness but you get the idea. It's shaping up to be a highly commercial venture and today's news marks a major de-risking point
 
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