Stocks of the Hour: Miramar Resources, Elixir Energy, Wellnex Life
A snapshot of the stocks on the move, featuring Miramar Resources (ASX:M2R), Elixir Energy (ASX:EXR) and Wellnex Life (ASX:WNX).
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Elixir Energy Limited
Elixir Energy Limited (ASX: EXR) is an ASX listed gas exploration and development company. It is focused on exploring in Mongolia for natural gas in the form of coal-bed methane (CBM – known as coal seam gas -CSG -in Australia).
EXR holds 100% of a CBM production sharing contract (PSC), located just to the North of the Mongolian/Chinese border. The PSC was signed in September 2018 with the Mineral Resources and Petroleum Authority of Mongolia (MRPAM).
The Nomgon Project licence area covers ~30,000 km2 (~7 million acres). This very large area has been independently certified to contain a giant CBM risked recoverable prospective resource of 7.6 Tcf (best case).
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Stocks of the Hour: Linius Technologies, Biotron, Elixir Energy
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RIU Good Oil & Gas Conference Q&A – Neil Young of Elixir Energy (ASX:EXR)
Neil Young - Managing Director and CEO - Elixir Energy Limited (ASX:EXR) is an ASX listed gas exploration and development company. It is currently primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM – known as coal seam gas – CSG -in Australia) in the South Gobi, Mongolia and Queensland, Australia. Elixir Energy has been developing the Gobi H2 green hydrogen project and solar project in Mongolia.
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