Elixir’s Managing Director, Mr Neil Young, said: “These...

Elixir’s Managing Director, Mr Neil Young, said: “These preliminary laboratory results are enormously
encouraging, as they provide a strong and positive explanation as to why an unexpected permeable
zone was encountered at great depths in Daydream-2. In the Perth Basin in Australia (and in certain
parts of the onshore USA), clay rims on deep sands have been proven to maintain unexpectedly high
porosities at depth and have led to the opening up of new and highly productive plays. And this only
adds to, rather than replaces, the initial primary focus of this well – the appraisal of the very extensive
unconventional reservoirs in the Taroom Trough – which to date has exceeded pre-drill expectations.
The confirmation of material over-pressure in particular bodes very well for future development
economics.”

As bullish as he's been in a loooong time, this is absolutely fantastic, tick tock