Elixir Energy (ASX: EXR) emerging gas contender in the Taroom Trough
Elixir Energy (ASX:EXR) earns “Speculative Buy” coverage as analysts highlight its 2.6 Tcf gas position alongside Shell in Queensland’s Taroom Trough.
Elixir Energy (ASX:EXR) earns “Speculative Buy” coverage as analysts highlight its 2.6 Tcf gas position alongside Shell in Queensland’s Taroom Trough.
Elixir Energy (ASX:EXR) has confirmed 23 metres of net gas pay across multiple Permian formations at its Diona-1 exploration well in Queensland’s Surat-Bowen Basin, signalling potential for a new east coast gas source.
Elixir Energy (ASX: EXR) has commenced drilling at the Diona-1 conventional gas and oil exploration well in Queensland’s Surat-Bowen Basin.
Elixir Energy is laying the groundwork to become Queensland’s next gas producer with a fast-follower strategy and the largest acreage position in the Taroom Trough.
Elixir Energy passes the baton to a proven growth leader as it gears up to commercialise one of the East Coast’s largest undeveloped gas resources.
Elixir Energy has secured a cost-free pathway to near-term gas production by farming out its Diona sub-block to Xstate Resources, who will fully fund the upcoming exploration well.
Elixir’s leadership recognises the importance of this milestone, with Managing Director Neil Young highlighting it as a groundbreaking achievement for the company and the broader play.
Elixir Energy’s Daydream-2 well has successfully flowed gas from deep coal seams in Queensland’s Taroom Trough, marking the first such achievement in Australia and a pivotal step towards unlocking significant gas resources.
Elixir is named tenderer for adjacent licenses as state and federal governments continue a push for new domestic resources.
A large resource upgrade is expected be shortly followed as Elixir gets its appraisal program back on track for a novel multi-TCF gas play.