Elixir Energy Limited (ASX:EXR)
Elixir Energy Limited (ASX:EXR) is an 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 Australia CBM is also known as coal seam gas (CSG). EXR’s Corporate Vision is simply “to find large gas reserves on the Chinese border”. 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).