Oz Elixir Completes Redrill in Mongolia
Australian Elixir Energy on November 5 said it has successfully completed the re-drill of the Nomgon 5S appraisal well at its Nomgon IX coalbed methane (CBM) project in Mongolia.
“The Nomgon 5S Re-drill appraisal strat-hole well reached a total depth of 450 m this week and has since been logged and remediated. A total of 47 m of net coal was intersected,” the company said.
The Hutul 1S exploration well is currently drilling ahead and Elixir anticipates it should reach total depth and be logged within the next week. It plans to drill two more exploration strat-holes in 2020 and is working with its drilling contractor on finalising local permits.
“The timing of the spud of the next well is not locked in but the company is aiming for this occur within the next week,” it said.
The Nomgon production sharing contract (PSC) is located in the Gobi Desert on the Mongolia-China border. The PSC comes with an independently certified risked ‘best case’ prospective resource of 7.6 trillion ft3 and an un-risked ‘best case’ prospective resource of 40 trillion ft3.