Elixir Energy (ASX:EXR) has announced its 100% owned Nomgon IX Coal Bed Methane Production Sharing Contract (PSC) in the South Gobi Basin, Mongolia has successfully achieved a milestone gas flow rate of 200,000 standard cubic feet per day.
Elixir Energy says this is the result of the extended pilot production project that has been operational for over 100 days.
It also says the Nomgon-9 well produced over 150,000 scfd of the total, with 150 barrels per day of water produced at a stable and low rate.
Elixir Energy says the 2023 drilling program is due to commence next month as planned.
The company's share price closed up almost 8% today.