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March 2020 SPE-SA/PESA SA/NT Joint Technical Luncheon
Thursday, 5 March @ 12:00 pm - 2:00 pm (Australia/Perth time)
ELIXIR ENERGY: FRONTIER CSG EXPLORATION IN MONGOLIA – MANAGED IN ADELAIDE
Neil Young – Managing Director, Elixir Energy Ltd
Thursday 5th of March 2020
Ayers House, 288 North Tce, Adelaide
12:00 for 12:30 hrs
Please RSVP by COB Monday 2nd March
Elixir Energy Ltd (EXR) is an ASX listed company that moved its headquarters to Adelaide in 2019 after acquiring private company Golden Horde Ltd. The latter is the 100% owner of a large coal seam gas (CSG) production sharing contract (PSC) in Mongolia, which was executed in late 2018 (and was the first of its kind in Mongolia). The PSC covers a very large area of 7 million acres just North of the Mongolia/Chinese border and has been independently assessed as hosting risked recoverable resources (best case) of 7.6 Tcf. Mongolia is grossly underexplored in a petroleum sense (although it does host PetroChina and Sinopec operated crude oil production) and EXR’s exploration for CSG there is truly wildcat in nature. The company has sought to combine Australia’s global CSG leadership with local skills in prosecuting its initial exploration program and Neil will share with the audience how that has gone, the next steps – and how a distant frontier exploration exercise can be managed from Adelaide.