Elixir Energy (ASX:$EXR) Update: Moving to Stimulation & Testing Phase

Elixir Energy Limited (ASX:EXR) has announced the successful installation of the wellhead and the release of the SLR 185 rig from the Daydream-2 site. The company is currently conducting laboratory analysis on drill cuttings with results expected in January. Additionally, Elixir has executed an agreement with Halliburton to lead the extensive stimulation program planned for the Daydream-2 appraisal well in the New Year.

Elixir Energy's Managing Director on Next Project Phase

Following the highly successful completion of the drilling phase of Daydream-2, we are now moving on multiple fronts to prepare for the stimulation and flow testing phase of the project. As part of that, we are pleased to once again add to our suite of Agreements with world leading partners for our Grandis program. Our recently struck arrangements with Halliburton are not just for the provision of services - but also a recognition of the enormous potential of the Taroom Trough - and how that can be liberated by cutting edge stimulation techniques.

Summary of Elixir Energy's Next Phase and Outlook

Elixir Energy (ASX:EXR) has made significant progress in its Grandis Gas Project, with the successful installation of the wellhead and the release of the SLR 185 rig from the Daydream-2 site. The company has also executed an agreement with Halliburton to lead the extensive stimulation program planned for the Daydream-2 appraisal well in the New Year. The laboratory analysis is underway, and results are expected in January. Elixir's Managing Director, Mr Neil Young, expressed optimism about the project's potential and the collaboration with Halliburton, emphasizing the recognition of the enormous potential of the Taroom Trough and the application of cutting-edge stimulation techniques. The company expects the first stages of the physical work program to commence in February, marking an exciting phase for Elixir Energy's Grandis Gas Project.