Gas explorer Elixir Energy (ASX:EXR) has opened the trading day in the red following the latest update from exploration and appraisal work at its Mongolian assets.
Elixir completes Richcairn-1S CBM well in Mongolia naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.
Elixir Energy (ASX:EXR) hits coal sub-basin at Nomgon
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Elixir Energy (EXR) discovers a new coal-bearing sub-basin at its Nomgon project in Mongolia
The company found the presence of coal through two strat-holes, Kingston-1S and Kingston-2S, which intersected 12 metres and 8 metres of coal, respectively
Notably, the Kingston 2S well is the deepest well that Elixir has drilled to date at the project
Later this year, Elixir is planning to drill a core-hole in the Kingston sub-basin to measure its gas content and permeability
Just before the market opens today, Elixir last traded at 23.5 cents per share
Elixir Energy (ASX:EXR) intersects thick coal at West Yangir-1 themarketherald.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themarketherald.com.au Daily Mail and Mail on Sunday newspapers.
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