EXR elixir energy limited

1. Clarification on Background gas and what is considered a good...

  1. 942 Posts.
    lightbulb Created with Sketch. 880
    1. Clarification on Background gas and what is considered a good multiple

    Background gas = An average or baseline measure of gas entrained in circulating mud. This baseline trend pertains to gas that is liberated downhole while drilling through a uniform lithologic interval at a constant rate of penetration.

    A good gas show multiple in gas exploration drilling typically ranges from 3 to 10 times the background gas level.

    This indicates a significant increase in gas concentration, suggesting the presence of a potential hydrocarbon reservoir.Here's a breakdown of gas show multiples and their interpretation:

    Gas show multiple of 1-3: This range suggests a minor increase in gas concentration, which may not be indicative of a significant hydrocarbon reservoir.

    Gas show multiple of 3-10: This range is considered a good indicator of a potential hydrocarbon reservoir. The higher the multiple, the stronger the indication of hydrocarbons.

    Gas show multiple above 10: This range suggests a strong presence of hydrocarbons, warranting further evaluation and potential production testing.

    2. "The gas shows meet our appraisal objectives"

    @sbvb, @Dufrane:
    gas shows are in line with what was expected. I am very pleased with this, that means that what they had modeled is actually there. That would also infer that the stimulation techniques they have modeled and will apply could/will work.


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.6¢
Change
-0.001(3.70%)
Mkt cap ! $36.39M
Open High Low Value Volume
2.7¢ 2.7¢ 2.6¢ $110.2K 4.202M

Buyers (Bids)

No. Vol. Price($)
3 1579437 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 554566 4
View Market Depth
Last trade - 16.10pm 30/06/2025 (20 minute delay) ?
EXR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.