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Ann: Daydream 2 Impressive Initial Flow Test, page-23

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05/04/24

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Post #: 73201341
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Originally posted by aiguy: ↑

Summary (from https://newsrush.ai/m_48.html)

Daydream 2 Impressive Initial Flow Test
5 April 2024 9:33 AM| 4 Pages

Elixir Energy Limited announced highly successful initial flow test results from the Daydream-2 well in Queensland, achieving a maximum flow rate of 2.3 MMSCFPD and a stabilized rate of 1.3 MMSCFPD.

Summary
Elixir Energy Limited conducted successful flow tests at the Daydream-2 well in Queensland.
Achieved a maximum flow rate of 2.3 MMSCFPD and a stabilized rate of 1.3 MMSCFPD.
This is the deepest unstimulated gas flow in onshore Australia East of the Perth Basin.
Testing was not affected by recent heavy rain, showcasing good ease of access and infrastructure.
Plans for further stimulation to increase flow rates and additional appraisal well Daydream-3 are underway.
Gas samples from the test have low CO2 content, indicating high quality.
Highlights
Maximum rate: 2.3 MMSCFPD
Stabilized rate: 1.3 MMSCFPD
Height of flare: estimated 15 meters
Total gas produced over both flow periods: 0.6675 MMSCF
CO2 component: 1.6%
Depth of tested zone: 4,200 - 4,217 meters
Positives
Highly successful initial flow test without stimulation.
Stabilized flow rate achieved signifies potential for significant gas production.
The flow test indicates a potential major contribution from the Lorelle Sandstone to the project's economics.
The project's location and infrastructure support ease of access and further development.
Low CO2 content in gas samples indicates pipeline quality gas.
Negatives
Only a small percentage (19%) of the total net pay will be targeted in the upcoming stimulation program.
Key Dates
5 April 2024: Announcement date of the successful flow test results.
Alerts
Contains better than expected results: yes
Contains worse than expected results: no
Contains expected results: no
Sentiment: positive

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Many thanks....best bit....
EXR Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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Ann: Daydream 2 Impressive Initial Flow Test, page-23

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Ann: Daydream 2 Impressive Initial Flow Test, page-23

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