Elixir Energy: Completes Tim-2 well in Mongolia

Elixir Energy Completes Tim-2 well in Mongolia

• Elixir Energy (EXR) completes drilling the Tim-2 appraisal well within its Nomgon project in Mongolia
• Tim-2 followed the Tim-1S well and was completed to a 1020-metre depth which is the deepest well Elixir has ever drilled in Mongolia
• The Tim-2 well logged three metres of coal and five metres of silty coal, less than Tim-1, which Elixir says was due to localised faulting
• The drill rig has since moved to a new potential sub-basin to spud the Bulag Suuj-1 well
• Company shares are in the grey at 16.5 cents