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.
Early work in the NT shows high potential for large gas play fairways and key source rocks extending onto newly acquired territory.
Elixir is named tenderer for adjacent licenses as state and federal governments continue a push for new domestic resources.