EXR provided operation update on its projects

Elixir Energy Limited (ASX: EXR) has provided update on the coal bed methane (CBM) exploration/appraisal program underway across its 100% owned Nomgon IX Coal CBM Production Sharing Contract (PSC). The company has recently completed drilling the Tim-2 appraisal well after a successful Tim-1S exploration well drilled earlier this year. Tim-2 logged drilled to a total depth of 1,020 meters, which is the deepest well Elixir has drilled in Mongolia to date.

Elixir’s newly hired drilling contractor Ellecohr LLC has recently spudded its first well, Yangir-4, which is an appraisal well in its previously identified coal-bearing Yangir sub-basin. The Top Diamond Drilling LLC rig, which has drilled Tim-2, has now mobilized to a new potential sub-basin in the West of the PSC and will spud the Bulag Suuj -1 well.

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