Elixir Energy (EXR.AX ELXPF) announced what it described as impressive initial flow test results. Following a recent successful suite of diagnostic formation integrity tests conducted at Daydream-2, the company decided to test the free-flowing capacity of the Lorelle Sandstone, the zone which flowed into the well bore late last year. The test has been highly successful with a maximum rate of 2.3 million standard cubic feet per day and a stabilised flow rate of 1.3 million standard cubic feet per day through a 20/64 choke. Elixir understands this is the deepest unstimulated flow of gas in onshore Australia East of the Perth Basin. In the next few weeks, the stimulation phase of the Daydream-2 program is due to commence and will be followed by more extensive flow testing. The stimulation program will target 6 zones (only 19% of the total net pay) and will include this natural flowing sandstone.
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