https://nextinvestors.com/articles/did-exr-just-unlock-another-au...

https://nextinvestors.com/articles/did-exr-just-unlock-another-australian-deep-gas-play/
Did EXR Just Unlock Another Australian Deep Gas Play?

ASX:EXR
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Published 07-DEC-2023 10:13 A.M.
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9 minute read
Disclosure: S3 Consortium Pty Ltd (the Company) and Associated Entities own 4,777,858 EXR shares and 1,071,429 EXR Options at the time of publishing this article. The Company has been engaged by EXR to share our commentary on the progress of our Investment in EXR over time.
Well, we did not expect that.
Neither did EXR...
Elixir Energy (ASX:EXR) just announced they have found FREE FLOWING gas in what was expected to be a “tight gas” well.
Up until now, the Taroom Trough in Queensland has largely been viewed as an “unconventional” (tight) gas region.
This means the other wells (Santos, Shell, Omega) in the region need to be stimulated (fracked) to flow gas...
Tight gas is what EXR was expecting to find with their well, but in the deeper part of their well, they encountered a zone of FREE FLOWING GAS,
The gas also flowed - 50,000 cubic feet to the surface, and was flared off: