Elixir Energy Limited (EXR:ASX)
Elixir Energy Limited is an Australia-based gas exploration and development company. The Company is focused on exploring in Mongolia for natural gas in the form of coal-bed methane (CBM). It operates through three segments: oil and gas exploration in Mongolia and United States of America, and clean energy in Mongolia. The Company is focused on its 100% owned Nomgon IX CBM Production Sharing Contract (PSC) project in the South Gobi region of Mongolia. The Nomgon Project license area covers 30,000 square kilometers. The CBM wells drilling was a combination of strat-holes and core-holes. The core-holes deliver core samples at the surface and are analyzed for gas desorption and can be Injectivity Fall-Off Testing (IFOT) tested to determine gas content and permeability.