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Elixir Energy (ASX:EXR) spuds Cracker-1S well
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Elixir Energy (EXR) has spudded its Cracker-1S well, located within the Nomgon project in Mongolia
The well was spudded yesterday and is the first well to be drilled in the sub-basin, which was identified by the company s 2020 2D seismic program
Recently, a second drilling company was sub-contracted by Elixir and is ready to be moved to a new area of the sub-basin as soon as COVID travel restrictions ease
On the market this morning, Elixir is up 1.28 per cent, trading at 39.5 cents per share
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