1 REVENUE FROM RAILWAY TRANSPORT INCREASES BY 15 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/12/13      2 COPPER EXPORT AMOUNTS TO 1.29 TONS IN 11 MONTHS WWW.ZGM.MN PUBLISHED:2019/12/13      3 INFLATION RISES 5.2 PERCENT YOY WWW.ZGM.MN PUBLISHED:2019/12/13      4 BANKING ON ACTION: HOW ADB ACHIEVED 2020 CLIMATE FINANCE MILESTONE ONE YEAR AHEAD OF TIME WWW.MONTSAME.MN PUBLISHED:2019/12/13      5 BUDGET REVENUE AMOUNTED TO MNT9.7 TRILLION WWW.MONTSAME.MN PUBLISHED:2019/12/13      6 SALES OF INDUSTRIAL PRODUCTION INCREASE BY MNT1.9 TRILLION IN THE FIRST 11 MONTHS OF 2019 WWW.MONTSAME.MN PUBLISHED:2019/12/13      7 MONTHLY AIR QUALITY STATISTICS RELEASED WWW.MONTSAME.MN PUBLISHED:2019/12/13      8 RIO TINTO SCORES BIG WIN IN MONGOLIA WWW.MINING.COM PUBLISHED:2019/12/13      9 WHO DONATES FLU DRUG TO MONGOLIA WWW.XINHUANET.COM PUBLISHED:2019/12/13      10 TURQUOISE HILL: WHILE MONGOLIA WANTS MORE MONEY NOW, THE DECREASE OF UNCERTAINTY PUSHES THE STOCK UP WWW.SEEKINGALPHA.COM PUBLISHED:2019/12/13      ТЭЭВРИЙН ХЭРЭГСЛИЙН ИМПОРТ XI САРД ӨМНӨХ ОНЫ МӨН ҮЕЭС 25 ХУВИАР ӨСӨЖ, НЭГ ТЭРБУМ АМ.ДОЛЛАР ДАВЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/12/12     XI САРД ХЭРЭГЛЭЭНИЙ БАРАА ҮЙЛЧИЛГЭЭНИЙ ҮНЭ ӨМНӨХ ОНЫ МӨН ҮЕЭС 5.2 ХУВИАР ӨСӨВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/12/12     ЗЭСИЙН БАЯЖМАЛЫН ЭКСПОРТ I-XI САРД 8.4 ХУВИАР ӨСӨЖ 1.67 ТЭРБУМ АМ.ДОЛЛАР БОЛОВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/12/12     ЭЗССХ: 2020 ОНЫ ДУНД ҮЕД МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ УНАЛТЫН МӨЧЛӨГТ ОРОХ ЭРСДЭЛТЭЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/12/12     "УЛААНБААТАРТ АЖИЛЛЛАЖ БУЙ ИРГЭДИЙН САРЫН ДУНДАЖ ЦАЛИН 1.3 САЯ ТӨГРӨГ БАЙГАА НЬ УЛСЫН ДУНДЖААС 118 МЯНГАН ТӨГРӨГӨӨР ИХ" WWW.IKON.MN  НИЙТЭЛСЭН:2019/12/12     МАНАЙ УЛС ЭНЭ ОНЫ ЭХНИЙ 11 САРД ДЭЛХИЙН 152 УЛСТАЙ ХУДАЛДАА ХИЙЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/12/12     МОНГОЛ УЛСЫН ГАДААД ӨР СҮҮЛИЙН ЖИЛД ХОЁР ТЭРБУМ АМ.ДОЛЛАРООР ӨСЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/12/12     ДОНАЛЬД ТРАМПЫН ХҮҮ МОНГОЛД АМРАХДАА ТУСГАЙ ЗӨВШӨӨРЛӨӨР АРГАЛЬ АГНАЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/12/12     “СААРАЛ ЖАГСААЛТ”-ААС САЛГАХ ФИНТЕК WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/12/12     ХӨХҮҮРИЙН АЙРАГ ЮНЕСКО-ГИЙН БИЕТ БУС СОЁЛЫН ӨВД БҮРТГЭГДЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/12/12    

On China’s doorstep: Elixir Energy drilling for Mongolian gas www.news.mn

Drilling is underway at Elixir Energy Limited’s (ASX:EXR) 100% owned Nomgon IX coalbed methane (CBM) production sharing contract (PSC).

Located in the South Gobi Desert in Mongolia, immediately next to the Chinese border, Elixir’s Nomgon IX CBM PSC covers an area of around 30,000km2 (over 7 million acres). This is a region that is exceptional in its combination of massive potential gas resources, minimal competing land uses, and a location right in the heart of Asia. Elixir’s PSC is exceptionally well placed to supply China, being just 410 kilometres from China’s East-West Pipeline.

China is experiencing a rapid rise in gas demand driven by air quality concerns in its major cities and legislative changes resulting in a large scale switch from coal to gas, along with an increase in renewable energy. Yet China is unable to produce enough gas, forcing it to import to meet domestic demand. This shortfall is being met by pipeline imports from Central Asia and Myanmar, as well as more pricey LNG imports along the coast.

The PSC has a “giant prospective gas resource” with an unrisked best case recoverable prospective resource of 40.1 Tcf, and a risked best case resource of 7.6 Tcf.

The current drilling program will see Elixir drill two fully tested core-holes and it has the option for a third. (source: https://www.sharecafe.com.au)



Published Date:2019-11-20