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Elixir Energy Limited  ASX:EXR

Company

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Current Price

Current Return

Highest Return

Elixir Energy Limited ASX:EXR
Natural Gas

$ 0.036

05-Jun-20

$ 0.235

553%

1,317%

View Reports

View Company Page
Report Date Price Current Return
Mongolia’s First Gas Discovery 05-Jun-20 $0.036 553%
How Our Investments Performed in Q1 of 2021 21-Apr-21 $0.405 -42%
12 months on, a de-risked EXR continues to deliver 04-Jun-21 $0.028 739%

Overview

📋  About: Elixir Energy is exploring for coal bed methane (CBM), also known as coal seam gas CSG, across its 100%-owned 30,000km2 (7M acre) CBM Production Sharing Contract (PSC) on the Mongolia-China border. 

🌏  Macro Theme: China’s new 5 year plan demands reduction of burning dirty coal for energy and aims to reduce reliance on foreign powers for energy supply.

Why We Invested

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Giant prospective resource next door to China

Massive 30,000km2 PSC with very large prospective resource. EXR has enlarged its prospective resource from 7.6 tcf of gas (risked “best” (mid) case) to a (best case) of 14.6 Tcf, a 92% increase from the 2018 estimate.

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Multiple market channels

Cash-flow generation can be early & modular. EXR has partnered with one of Mongolia’s largest fuel retailers to develop a Small Scale LMG (SSLNG) plant. The Asian Super grid and Power of Siberia II pipeline also present opportunities.

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Deep CSG Expertise

The EXR team has a history of success in CBM in Richard Cottee (the “godfather” of QLD CSG) plus ex-Santos Neil Young and Stephen Kelemen. Delivered Mongolia’s first CSG discovery at Nomgon-1 well & Nomgon-2 exceeded expectations.

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Current exploration program

Upcoming fully funded exploration is aimed to open up new sub-basins in a number of locations across the gigantic PSC area. A contingent resource booking for Nomgon sub-basin targeted for year end.

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100% ownership of Production Sharing Contract

100% ownership position maximises optionality to pursue value adding farmout(s).

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