OIL AND GAS

EXR Now Days Away from Multi-Well Gas Drilling Campaign in Mongolia

Jun 26, 2020

Fresh off the back of a high demand capital raise, Elixir Energy (ASX: EXR) is set to put those funds to work in the form of a drilling and seismic campaign to kick off in the coming days. Elixir is exploring for coalbed methane (CBM) — or coal seam gas (CSG) as it is known in Australia — at its 100% owned CBM Production Sharing Contract (PSC), the Nomgon IX CBM PSC.