{"id":8094,"date":"2024-08-19T01:45:44","date_gmt":"2024-08-19T01:45:44","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/08\/19\/atp-2077-awarded-initial-contingent-resource-booking\/"},"modified":"2024-08-19T01:45:44","modified_gmt":"2024-08-19T01:45:44","slug":"atp-2077-awarded-initial-contingent-resource-booking","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/08\/19\/atp-2077-awarded-initial-contingent-resource-booking\/","title":{"rendered":"ATP 2077 Awarded \u2013 Initial Contingent Resource Booking"},"content":{"rendered":"<p><strong>Elixir Energy Limited<\/strong> (\u201cElixir\u201d or the \u201cCompany\u201d) is pleased to provide an update on the expansion of its 100% owned Project Grandis through the formal award of a 100% working interest in ATP 2077. <\/p>\n<p><strong>HIGHLIGHTS<\/strong><\/p>\n<p>ATP 2077 awarded by Queensland GovernmentATP is prospective for both deep and shallow gasIndependently certified 2C resources of 173 billion cubic feet <\/p>\n<p>As advised to the market on 20 June 2024, Elixir was appointed as Preferred Tenderer for a new exploration area (PLR2023-1-7) in Queensland located adjacent to its existing ATP 2044 licence (see map below). This tender block has now been formally awarded to Elixir as ATP 2077. <\/p>\n<p>The licence has an initial term of 6 years, has been awarded to Elixir on a 100% basis and does not contain any Government domestic market restrictions. The licence has 3 geographically separate sub-blocks as follows:<\/p>\n<p>Sub-block A \u2013 this is located immediately proximate to ATP 2044 and contains similar Taroom Trough geology. The recent work undertaken on Project Grandis has underpinned an independently certified contingent resource booking in this sub-block \u2013 summarized in this announcement.Sub-block B \u2013 this also overlies the Taroom Trough. However, given the distance from Project Grandis it has been considered premature to book contingent resources on this area at this point in time. Elixir will assess the prospective resources for this block in due course.Sub-block C \u2013 this area lies outside the Taroom Trough and is adjacent to existing gas infrastructure such as the currently largely dormant Silver Springs gas storage asset. Work undertaken by Elixir\u2019s technical team to date has identified some possible shallow drilling targets in this Sub-block.<\/p>\n<p>Based on the work undertaken by Elixir in ATP 2044, the Company sought an independently certified contingent resource estimate (from international firm ERC Equipoise Pty Ltd \u2013 \u201cERCE\u201d) for ATP 2077 Sub-block A \u2013 see table below. The subclass of Contingent Resources (as defined under the PRMS) is \u201cDevelopment Unclarified\u201d, as of 16th August 2024. <\/p>\n<\/p>\n<p><strong>Click here for the full ASX Release<\/strong><\/p>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elixir Energy Limited (\u201cElixir\u201d or the \u201cCompany\u201d) is pleased to provide an update on the expansion of its 100% owned Project Grandis through the formal award of a 100% working interest in ATP 2077. HIGHLIGHTS ATP 2077 awarded by Queensland GovernmentATP is prospective for both deep and shallow gasIndependently certified 2C resources of 173 billion [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":8095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/8094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=8094"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/8094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/8095"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=8094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=8094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=8094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}