Elixir Energy Limited (“Elixir” or the “Company”) is pleased to present its investor presentation.
Introducing the Taroom Trough
- One of the few remaining places onshore Australia where a substantial gas resource could exist – and in a great location to access markets
- Permian coals have sourced oil and gas fields on the flanks, but considerable gas volumes remain trapped within the depocentre
- The unique geology of the Taroom Trough means tight gas from this basin may succeed where others (e.g. Nappamerri Trough – Cooper Basin) have failed
- Stress modelling by Elixir has recognised the importance of stress partitioning and stress anisotropy in this area resulting in the derivation of an optimal fracture stimulation program
The Taroom Trough – An Advantaged Location
The prolific Bowen Basin is now set to deliver another energy source
- The Grandis Gas Project is very well located in the Taroom Trough in the Southern Bowen Basin
- Australia’s premier physical and commercial gas hub – Wallumbilla – is immediately adjacent
- Market factors are now driving new rounds of drilling in the Taroom Trough – including by Majors
- Pipeline costs minimal – material savings per GJ – as well as avoidance of financing concerns over new transmission pipelines
- Long term community acceptance of oil and gas locally
- Australia’s onshore oilfield service sector is centred in the region
Click here for the full ASX Release
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