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- Elixir Vitality (EXR) prepares to launch its pilot manufacturing program amid drilling challenges at its Nomgon IX Coal CBM undertaking in Mongolia
- The corporate says drilling actions had been hampered resulting from poor upkeep and high quality of the rig gear
- In the meantime, the Nomgon pilot manufacturing program is because of start shortly, with two wells to be drilled to about 600 metres in an 8.5-inch gap
- EXR will measure the fuel circulation charges of the wells to evaluate commerciality
- Shares within the firm final traded at 16.5 cents every on July 28
Elixir Vitality (EXR) has ready to launch its pilot manufacturing program amid drilling challenges at its Nomgon IX Coal CBM undertaking in Mongolia.
The corporate stated drilling actions had been hampered resulting from poor upkeep and high quality of the rig gear.
Mechanical points positioned the Bulag-Suuj nicely delayed, whereas the Yangir-4 nicely confronted its personal points and was unable to succeed in whole depth.
Nonetheless, the Yangir-5 and Orio-1 wells had been spudded, and the Venetian-1 nicely found an extra coal-bearing sub-basin.
In the meantime, the Nomgon pilot manufacturing program is because of start shortly, with two wells to be drilled to about 600 metres in an 8.5-inch gap.
The corporate will measure the fuel circulation charges of the wells to evaluate commerciality.
Managing Director Neil Younger stated he was happy with how actions had been progressing.
“Given the complexities of transport gear to Mongolia from a number of international locations on this surroundings, it’s a credit score to our groups in Australia and Mongolia that our pilot manufacturing program – Mongolia’s first – is on monitor to start out subsequent month as deliberate,” he stated.
Shares within the firm final traded at 16.5 cents every on July 28.
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