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.
Brookside Energy has reached a pivotal milestone with the successful stimulation of its Bruins Well, paving the way for near-term production and revenue generation.
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.
Australian Oil Co. has restructured its Red Earth divestment to enhance near-term cash flow and reduce tax liabilities, supporting its strategic growth initiatives.
Strike Energy’s Erregulla Deep-1 well has unveiled significant gas discoveries that could extend the Permian gas play further east and deeper than ever before.
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.