Stuart Nicholls says the $16.6 million capital raising marks a defining step for Elixir Energy as it accelerates into Phase 2 of its Strategic Plan.
Elixir Energy has executed its rig contract and advanced civil works to 30 per cent completion as it prepares to drill the high impact Lorelle 3 appraisal well in the Taroom Trough.
Elixir Energy has secured R&D Tax Incentive qualification for its upcoming Lorelle 3 appraisal well in Queensland’s Taroom Trough, providing a clearer funding pathway ahead of drilling planned for January 2026.
Elixir Energy has increased its independently certified 2C Contingent Gas Resources in the Taroom Trough to approximately 2.8 TCFe following a new resource booking in ATP2077 Block-B.
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.