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Elixir Energy Limited  ASX:EXR

Company

Current Price

First Coverage

Date

Price

5 Day VWAP

VWAP Returns

Our Entry Price

Our Returns

$ 0.320

05-Jun-20

$ 0.036

$ 0.032

900%

$ 0.039

721%

Report Date Price Current Return
Mongolia’s First Gas Discovery 05-Jun-20 $0.036 789%
How Our Investments Performed in Q1 of 2021 21-Apr-21 $0.405 -21%
12 months on, a de-risked EXR continues to deliver 04-Jun-21 $0.28 14%
Watch Now: EXR reveals hydrogen plans at International New Energy Summit 30-Sep-21 $0.245 31%

ASX:EXR

Our Current Returns

721%

Current Price

$ 0.320

First Coverage

05-Jun-20

$ 0.036

5 Day VWAP

$ 0.032

VWAP Returns

900%

Our Entry Price

$ 0.039

Our Current Returns

721%

Past Coverage
Mongolia’s First Gas Discovery
How Our Investments Performed in Q1 of 2021
12 months on, a de-risked EXR continues to deliver
Watch Now: EXR reveals hydrogen plans at International New Energy Summit

Overview

📋  What does Elixir Energy do?

EXR 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.

EXR Corporate Milestones

✅  Portfolio Initiation & Energy Pick of the Year 2019
✅ 
$1.75M Capital Raise @2c per share
✅ 
MT Group non-Binding MOU for small scale LNG project
✅  MOU with Ministry of Energy
✅  $10M Capital Raise @36c (Institutional Investors)
✅  $16.6M Capital Raise @36c (SPP)

🔲  Unexpected Announcement 1
🔲  Unexpected Announcement 2
🔲  Unexpected Announcement 3

Natural Gas Project

Project Milestones

✅  7 Wells Drilled in 2020
🔄  13 Wells Drilled in 2021
🔄  200km of Seismic Operations (2021)
✅  Prospective Resource Increased
🔲  Production testing well drilled at Nomgon
🔲  Production testing well drilled at Yangir
🔲  Update on Nomgon power station project
🔲  Other wells yet to be named based on seismic and analysis from other wells

2020 Drilling Results

🟩  Appraisal Core-hole 2 returns gas (Nomgon-1)
🟩  Lab Results: Fully Saturated Gas Nomgon-1
🟩  Appraisal Core-hole 3 intersects coal (Nomgon-2)
🟩  Core testing from Nomgon-2 returns gas
🟨  Appraisal well 3 intersects coal (Nomgon 3S)
🟨  Appraisal well 4 intersects coal (Nomgon 4S)
🟩  Appraisal well 5 intersects coal (Nomgon 5S)
🟩  Exploration well 1 intersects coal (Hutul 1S)
🟩  Lab Results: Fully Saturated Gas Nomgon 2
🟩  Exploration well 2 intersects coal (Yangir 1S)

2021 Drilling Results

🟩  Appraisal Core-hole 4 returns “sales gas” (Yangir-2)
🟥  Exploration well 3 does not intersect coal (Temee-1S)
🟥  Exploration well 4 does not intersect coal (Cracker 1-S)
🟥  Exploration well 5 mechanical failure (Manlai-1S)
🟩  Exploration well 6 intersects Coal (Richcairn-1S)
🟩  Core-hole 5 Drilled & Intersects Coal (West Yangir-1)
🟩  Core-hole 6 Drilled & Intersects Coal (Nomgon Central-1)
🔲  Lab Results Core-hole 5
🔲  Lab Results Core-hole 6
🟨  Appraisal well 6 intersects coal (Kingston-1S)
🟨  Appraisal well 7 intersects coal (Kingston-2S)
🟨  Appraisal well 8 intersects coal (Kingston-3S)
🔄  Appraisal well 9 (Nomgon 6)
🔲  New Well 12
🔲  New Well 13

Green Hydrogen Project

✅  Green Hydrogen Project Announced
✅  SODAR Machine Mobilised
🔲  Update on initial SODAR results
🔲  New Milestones Added

EXR Investment Milestones

✅  Initial Investment: @3.9c
✅  Increase Investment: @2.6c
✅  Increase Investment: @13c
✅  Price increases 500% from initial entry
✅  Price increases 1000% from initial entry
🔲  Price increases 2000% from initial entry
✅  12 Month Capital Gain Discount
✅  Free Carry
✅  Take Some Profit

🔲  Hold remaining Position for next 2+ years

Why We Invested

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Giant prospective resource next door to China
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Multiple market channels
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Deep CSG Expertise
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Current exploration program
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100% ownership of Production Sharing Contract
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