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Elixir Energy

Description

Elixir Energy Limited (ASX: EXR) is an Australian Securities Exchange listed oil and gas exploration and development company.  It is focused on exploring in Mongolia for natural gas in the form of coal-bed methane (CBM).

In Mongolia, EXR holds 100% of a CBM production sharing contract (PSC), located just to the North of the Mongolian/Chinese border.  The PSC was signed in September 2018 with the Mineral Resources and Petroleum Authority of Mongolia (MRPAM).  

The licence area covered is ~30,000 square kilometers (~7 million acres).  This very large area has been independently certified to contain a giant CBM risked recoverable prospective resource of 7.6 Tcf (best case).

EXR acquired the PSC through the back-door listing of unlisted Australian public company Golden Horde Ltd, which was set up in 2011 solely to acquire CBM rights in Mongolia.  The company’s founders accordingly have strong networks in, and experience of, Mongolia.

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