GAS

The first few trading days of 2022 were extremely positive, reminding us of what we saw in the first week of January 2021 just before the small cap bull market in the first few months of last year…

Elixir Energy Ltd (ASX: EXR) has almost doubled the size of its Nomgon IX prospective resource in Mongolia.

Elixir Energy's (ASX: EXR) EXR's Nomgon-2 appraisal well has reached total depth & indicates an exceptionally thick coal seam that stretches 1km between the two wells.

Real Energy (ASX: RLE) is currently capped a fraction of the value of its neighbours, at just $5M, making it much more leveraged to success at its JV Venus Project in the Surat Basin, a prolific CSG producing region where over 4000 wells have been drilled, & over 1200 PJ of 2P reserves sit in nearby CSG fields.

Elixir Energy (ASX:EXR) has capped off its first exploration season in Mongolia, delivering the country its first coal seam gas (CSG) discovery at the Nomgon-1 well.

The Nordic Calista Rig-3 has been mobilised and is now barrelling down Alaska’s Dalton Highway from Deadhorse to Mile 386 en route to its final destination at 88E’s Project Icewine.

Starting off from such a low base in 2020 provides a fresh start for investors as Elixir Energy completes drilling at its second location within its massive acreage in Mongolia’s Gobi Desert.

Junior oil and gas explorer and developer Real Energy Corporation (ASX: RLE) has struck a crucial deal in its quest to attain producer status, having been awarded a prime chunk of Surat Basin coal seam gas (CSG) acreage.

The countdown is on for the spudding of 88 Energy’s (ASX:88E | AIM:88E) fully funded appraisal well on the Alaskan North Slope. At the Company’s Project Icewine, the Charlie-1 appraisal well is on track for February 2020 drilling and it’s set to be one of the biggest oil wells in the world...

The very tightly held IPB Resources (ASX:IPB) is looking to secure debt financing or facilitate a farm-in with these Middle Eastern investors and, by all accounts, these talks are progressing well.

It’s all systems go for Elixir Energy (ASX:EXR) as it spuds its first well at its Nomgon IX coalbed methane (CBM) production sharing contract (PSC) in the South Gobi Basin in Southern Mongolia.

Stocks like today's don’t come along all the time, but on certain occasions we are emboldened enough to give them the coveted ‘Top Pick of the Year’ selection. This company is sitting on a gigantic, independently certified 7.6 Tcf coalbed methane Prospective Resource in southern Mongolia — right on the border of China.

Armed with an extensive legacy dataset, today's oil junior is believed to have the largest undrilled seismically defined structure onshore Africa… And could be the largest discovery in 40 years.

Talon Petroleum Ltd (ASX:TPD), with its tiny $4.4 million market cap, has its eye on UK North Sea oil and is rapidly advancing its presence in the area.

This ASX oil and gas junior looks to have two mega projects of magnitude and scale on its hands.

Melbana Resources (ASX:MAY) is now reaping the benefits of a period where it has built up an unrisked Prospective Resource base of 1.1 billion barrels of oil equivalent (Bbble).

Currently capped at just A$100 million, 88 Energy (ASX:88E) is exploring for large scale, multi-billion barrel oil resources across the North Slope, onshore Alaska, and the company is gearing up for a significant amount of activity over the coming months.

With gas prices rising, Invictus Energy (ASX:IVZ) looks set to tap into rising demand, having a majority interest in 250,000 acres of highly prospective gas condensate territory in Africa’s Cabora Bassa Basin.