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16.5¢ elixir energy limited

Out of interest, who is the Engineer involved in the...

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29/04/24

11:03

Post #: 73554800
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Originally posted by jctrout: ↑

They did this when they sanded in the Nomgon wells last year, so they may be rectifying a problem before it affects share price. Daydream was the last great hope for the company with the water table being so shallow in Mongolia.
This approach in daydrem-2 was always a long shot, microbead injection has only been done a handful of times in the USA and we have no expertise here to do it - I flagged the engineer early last year as a BS artist. Design and timing is smoke from my view for how the FK do we make this work now?
Even if they did succeed, the ask is for $25m wells that fail 1/5 to produce relatively marginal gains. Porosity and permeability changes in the fractures with this technique is one thing, but it won't create vast free-flowing resource needed to generate the BCF needed to justify these types of wells unless there's highly varied strata.

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Out of interest, who is the Engineer involved in the microbead/microproppant stuff?

EXR Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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