[ATTACH] Nice Work...

Nice Work


https://wcsecure.weblink.com.au/pdf/EXR/02361025.pdf

NOMGON GAS FIRED POWER PROJECT & INITIAL CONTINGENT RESOURCE BOOKING Elixir Energy Limited (“Elixir” or the “Company” is pleased to announce the achievement of various milestones towards delivering Mongolia’s first gas fired power project, using coal bed methane (CBM) from its 100% owned Nomgon IX CBM PSC. Critically, an independent Contingent Resources report – the Company’s and the Country’s first – provides growing confidence in gas supplies for the project. Australia’s own history of CBM (known as coal seam gas – CSG – in Australia) development has had very close synergies with modular gas fired power projects - that can be expanded as gas resources are proven up. Numerous projects have been built in Queensland (and even New South Wales) over the last fifteen years ago, by parties including QGC, Santos, Arrow Energy, Eastern Star Gas and Origin Energy, which facilitated their initial entry into CBM development and production. The multiple benefits of these projects included: providing early cash-flows; utilizing raw gas that does not need processing; building confidence in gas deliverability and reserves; attracting larger energy sector partners; delivering discernible local community benefits; improving grid reliability; producing low carbon power; and; providing firm power support to the grid that facilitates the entry of more renewables. Mongolia’s Ministry of Energy is the Ministry responsible for providing support for the utilization of CBM within the following policy framework. They are charged with… “Maintaining security, stability and efficiency in the energy sector, developing a new source of energy, regional transmission grid network support and development of innovation, coal and gas energy technologies, improving economics and financial capabilities, foreign direct investment in the sector, expansion of foreign cooperation, optimisation of sectoral and systemic structure, betterment of competitiveness of sector by developing private-public partnership.” ASX ANNOUNCEMENT ASX : EXR ____________________________ HIGHLIGHTS • Elixir announces the Nomgon gas fired power generation project • Mongolia’s Ministry of Energy has provided its support • Clarke Energy engaged to work on a feasibility study • Independent Contingent Resource Booking underpins gas supply to the project