Elixir Energy is an Australian-based exploration company that focusses on the international exploration of coal seam gas (CSG). More specifically, the company is renowned for its focus on exploring and commercializing underexplored areas with substantial prospects for CSG. One of the key specializations of Elixir Energy is the research and mining of coalbed methane (CBM), which is generally found in coal deposits or coal seams.
Elixir Energy was incepted with a strategic focus on harnessing potential reserves of natural gas in Mongolia. The company possesses a full 30-year development lease, and impressive exploration permits that cover a substantial area across Mongolia. This South Gobi desert area, previously untapped for its natural gas potential, poses an affordable and low-risk opportunity for Elixir Energy’s exploration exploits.
The strategic focus of Elixir Energy on Mongolia is influenced by several factors. This includes Mongolia’s proximity to the major gas market of China, the country’s need for cleaner energy solutions, and the commercial opportunities offered by the recently commissioned Power of Siberia gas pipeline. Importantly, the Mongolian Government’s stance on encouraging foreign investment in mineral exploration and mining provides a conducive working framework for Elixir Energy endeavors.
Elixir Energy operates the Nomgon IX CBM PSC (Coal Bed Methane Production Sharing Contract), located strategically in the South Gobi desert, near to the resource-hungry markets of China. Mongolia’s growing need for energy and its increasing demand for natural gas make it an attractive market for CBM. These factors are important contributors to the long-term value proposition of Elixir Energy.
A notable technological advantage of Elixir Energy is its application of advanced technology and efficient methods to extract CBM efficiently and safely. Elixir Energy utilizes practices such as horizontal and vertical drilling to tap into abundant coal seams.
Moreover, Elixir Energy’s sustainable practices deserve mention. The company is propelled by a vision to contribute to cleaner energy solutions, which is important in the global scenario of climate change and environmental degradation. This drive to contribute to a cleaner energy future underscores Elixir Energy’s corporate social responsibility and commitment to sustainable practices.
Global collaborations also strengthen Elixir Energy’s operations. The company actively collaborates with leading international experts in the field to optimize processes, increase efficiencies, and make the most of the technology available for CBM exploration, drilling, extraction, and project management.
Lastly, the company also relies on strong relationships with local communities and the Mongolian government to facilitate smoother operations. Elixir Energy, through its investment and operations, plays a significant role in local economic development and job creation.
In conclusion, Elixir Energy is a uniquely positioned company, which combines strategic focus, cutting-edge technology, commitment to sustainability, and collaborative relationships to optimize its operations and performance in the exploration and commercialization of the coal seam gas.
