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Elixir Energy
(ASX:EXR)


Gas Exploration

Our Entry Price $ Current Price $ Current Return Highest Price $ Highest Return
$ 0.039 $ 0.450 1054% $ 0.510 1208%


Overview

Overview

Elixir Energy is exploring for coal bed methane (CBM), also known as coal seam gas CSG, across its 100%-owned 30,000km2 (7M acre) CBM Production Sharing Contract (PSC) on the Mongolia-China border.

BREAKING NEWS 09/11/2020 - EXR has almost doubled its prospective resource from 7.6 tcf of gas (risked “best” (mid) case) to a (best case) of 14.6 Tcf, a 92% increase from the 2018 estimate.

Hear EXR's Managing Director comment on the news here:

Why we have invested...

  • The Next Oil Rush’s top energy pick
    • EXR was highlighted as our Top Pick of 2019 back in July last year and remains central to the Next Investors long term investment portfolio
  • Giant prospective resource next door to China
    • Massive 30,000km2 PSC with very large prospective resource. EXR has enlarged its prospective resource from 7.6 tcf of gas (risked “best” (mid) case) to a (best case) of 14.6 Tcf, a 92% increase from the 2018 estimate
  • Multiple market channels
    • Cash-flow generation can be early & modular. EXR has partnered with one of Mongolia’s largest fuel retailers to develop a Small Scale LMG (SSLNG) plant. The Asian Super grid and Power of Siberia II pipeline also present opportunities
  • Deep CSG expertise from Australia being transmitted to Mongolia
    • Team has a history of success in CBM in Richard Cottee (the “godfather” of QLD CSG) plus ex-Santos Neil Young and Stephen Kelemen. Delivered Mongolia’s first CSG discovery at Nomgon-1 well & Nomgon-2 exceeded expectations
  • Current exploration program
    • Upcoming fully funded exploration is aimed to open up new sub-basins in a number of locations across the gigantic PSC area. A contingent resource booking for Nomgon sub-basin targeted for year end.
  • 100% ownership of PSC
    • 100% ownership position maximises optionality to pursue value adding farmout(s).

Research Reports

June 10 2020 - Mongolia's First Gas Deposit Wise-Owl

December 9 2020 - Prospective Resource Upgrade K1 Capita



Our Latest Articles on Elixir Energy


Type Date Share Price $ Title
Email 14-Apr-2021 $ 0.440 EXR’s 2021 Mongolia Drilling Program is Well Underway
Email 26-Feb-2021 $ 0.220 Why is The EXR Share Price is Running?
Email 18-Feb-2021 $ 0.180 We Just Invested More in this Stock ... ... plus what's happening with VUL and EXR?
Article 07-Jan-2021 $ 0.165 Our Stock Picks for 2021
Article 09-Dec-2020 $ 0.105 EXR Doubles its Gas Resource on China's Doorstep
Email 05-Dec-2020 $ 0.100 This Week’s News Makers are Riding High
Email 23-Nov-2020 $ 0.130 Big Gets Bigger - New Sub-Basin Discovered
Article 23-Oct-2020 $ 0.110 Could EXR Unlock a New Sub Basin at its Mongolian Gas Project?
Article 20-Aug-2020 $ 0.115 EXR’s Nomgon-2 Gas Well Exceeds Expectations
Article 29-Jul-2020 $ 0.093 EXR Strikes Exceptionally Thick Coal Seam: Gas Content Results Imminent
Article 10-Jul-2020 $ 0.044 Elixir Spuds CSG Well - A Follow up on Mongolia’s First Gas Discovery
Article 26-Jun-2020 $ 0.036 EXR Now Days Away from Multi-Well Gas Drilling Campaign in Mongolia
Article 26-May-2020 $ 0.024 We Have Doubled our Holding in EXR – Mongolian Gas Exploration to Accelerate
Article 26-Feb-2020 $ 0.041 Mongolia’s First Gas Discovery, The First of Many for Elixir Energy?
Article 05-Feb-2020 $ 0.031 Gas Bubbles Highlight Excellent Results from EXR’s Second Core-Hole
Article 11-Oct-2019 $ 0.048 Our Top Pick of 2019: Elixir Energy (ASX: EXR) Drilling This Weekend
Article 11-Jul-2019 $ 0.042 Introducing Our Top ASX Energy Pick of 2019

Market Data


Latest Article

EXR’s 2021 Mongolia Drilling Program is Well Underway

EXR’s 2021 Mongolia Drilling Program is Well Underway

Elixir Energy (ASX: EXR) has just announced drilling of not one, but two new wells this month with results due soon after AND the results of its first 2021.

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