Elixir Petroleum Limited (ASX:EXR) is a gas exploration company focused on the 100% owned Nomgon IX coal-bed methane (CBM) production sharing contract (PSC) located in the South of Mongolia, proximate to the Chinese border. The 30,000 km2 PSC was executed in September 2018 and has a 10+ year exploration period.
Elixir Energy Limited's (ASX:EXR) key objective for its first exploration campaign has been to discover thick gassy coal seams below 300 metres. The results to date of the Nomgon-1 well have met that goal.
Elixir Petroleum Limited (ASX:EXR) is pleased to provide an update on operational activities underway with respect to the Mongolian CBM PSC.
