{"id":8231,"date":"2024-08-21T01:45:57","date_gmt":"2024-08-21T01:45:57","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/08\/21\/daydream-2-stimulation-program-successfully-concluded\/"},"modified":"2024-08-21T01:45:57","modified_gmt":"2024-08-21T01:45:57","slug":"daydream-2-stimulation-program-successfully-concluded","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/08\/21\/daydream-2-stimulation-program-successfully-concluded\/","title":{"rendered":"Daydream-2 Stimulation Program Successfully Concluded"},"content":{"rendered":"<p><strong>Elixir Energy Limited<\/strong> (\u201cElixir\u201d or the \u201cCompany\u201d) is pleased to provide an update on the Daydream-2 well in its 100% owned Project Grandis in Queensland\u2019s Taroom Trough. <\/p>\n<p><strong>HIGHLIGHTS<\/strong><\/p>\n<p>Daydream-2 stimulation program successfully applied to six separate zonesNovel techniques effectively utilised for the first time in AustraliaFlow tests to commence shortly <\/p>\n<p>The Daydream-2 well has now been successfully stimulated in six separate zones \u2013 the Lorelle Sandstone (which as per ASX announcement dated 16 August 2024 has recently successfully flowed gas); three sandstones above this; and, two coal zones. <\/p>\n<p>The stimulation program involved the application of various novel methods \u2013 including some that Elixir understands have been utilized for the first time in Australia. This research and development aspect of the Daydream-2 program is considered one of the keys to achieving outcomes in line with the material advances achieved in stimulation technology since the Taroom Trough was first appraised around a decade ago. <\/p>\n<p>Operations are now turning to the flow testing phase. Elixir\u2019s aims in this next phase are to: <\/p>\n<p>1. Use various techniques to confirm a separate flow of gas from the coals \u2013 hence allowing the commencement of a process of converting what are currently prospective resources into contingent resources. <\/p>\n<p><span><\/span>2. Mill out all plugs and flow all zones together. <\/p>\n<p><span><\/span>3. The period of the flow test will depend on results, clean-up time, etc.<\/p>\n<p>The plans for the Company\u2019s formal reporting of the flow test period will therefore be reactive as results come in.<\/p>\n<p><strong>Elixir\u2019s Managing Director, Mr Neil Young, said<\/strong>: <em>\u201cThe successful conclusion of the stimulation phase of the Daydream-2 well \u2013 particularly with Elixir being a pioneer in Australian for some of its key aspects \u2013 is a real tribute to our technical team and the contractors working for us. We are now moving onto the culmination of the whole program \u2013 the final flow testing phase.\u201d <\/em><em><\/em><\/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<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 Daydream-2 well in its 100% owned Project Grandis in Queensland\u2019s Taroom Trough. HIGHLIGHTS Daydream-2 stimulation program successfully applied to six separate zonesNovel techniques effectively utilised for the first time in AustraliaFlow tests to commence shortly The Daydream-2 well has now [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":8232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8231","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\/8231","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=8231"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/8231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/8232"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=8231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=8231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=8231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}