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    Oz Elixir to Drill 13 Wells This Year

Summary

The Mongolia-focused company will also undertake a pilot production test in 2021.

by: Shardul Sharma

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Oz Elixir to Drill 13 Wells This Year

Mongolia-focused Elixir Energy plans to drill 13 new wells this year, the Sydney-listed company said in a February 15 statement.  

The company will also undertake a pilot production test this year at Nomgon coalbed methane project in Mongolia. The test will start in the second half of 2021, assuming approvals are on time, and may last several months, Elixir said.

The Nomgon production sharing contract is located in the Gobi Desert on the Mongolia-China border. Elixir late last year raised its prospective resource estimate from 7.6 trillion ft3 to 14.6 trillion ft3 on a risked basis.