Elixir Energy, Xstate Resources To Conduct Formation Stimulation, Testing At Queensland Targets; Elixir Shares Up 8%

MT Newswires Live

02/09

Xstate Resources (ASX:XST) and its joint venture partner, Elixir Energy (ASX:EXR), are set to secure equipment and contractors to conduct a formation stimulation and testing program covering Permian targets from the Bandana formation to the Wallabella Wash, at the Diona Block within ATP 2077 located in Queensland's Surat-Bowen Basin, according to a Monday Australian bourse filing.

Specialized rock typing has been undertaken over drill cuttings at the key reservoir levels, and the analysis identified good visual porosity and indications of permeability in a number of the zones proposed for testing.

Xstate owns a 51% stake in ATP 2077, while Elixir Energy retains a 100% beneficial ownership in blocks A and B. Elixir is the operator of ATP 2077.

Xstate's shares rose 5% in recent trading on Monday, while those of Elixir climbed 8%.

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Elixir is the operator of ATP 2077.</p><p>Xstate's shares rose 5% in recent trading on Monday, while those of Elixir climbed 8%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XST.AU","symbol_name":"XSTATE RESOURCES LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2610750288","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610750288","pubTimestamp":1770604248,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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