Elixir Energy Announces Stimulation Phase of Daydream-2 Program

Release Highlights:

• Elixir Energy is pleased to announce that the next phase of its Daydream-2 program is underway following the recent successful flow test without stimulation from a depth of 4,200 meters in the Lorelle Sandstone of Queensland.
• Global leader of gas-stimulation services Halliburton commenced the multi-stage stimulation program at Daydream-2, mobilizing its fleet on-site with a total of 16,000 hydraulic horsepower of equipment.
• This program will target two coal zones and three tight gas zones in the Lorelle Sandstone, with flow testing to follow immediately thereafter.