Daydream 2 Operations Update

Release Highlights:

• Elixir Energy is pleased to announce that its Daydream-2 well has confirmed valuable contributions from the upper stimulated zones, with the lower zone’s flow temporarily impacted by fluid and proppant in the wellbore, to be cleared with nitrogen lift.
• The Coil Tubing Unit (CTU) is set to return to the well-site for nitrogen lift and clean-out work, anticipated by the end of the month, following the completion of operations with a neighboring operator.
• Elixir’s Managing Director, Neil Young, expressed optimism about the results and highlighted the increasing activity in the Taroom Trough region, underscoring its growing significance to Australia’s gas supplies.