Elixir Energy Limited (ASX: EXR) is an ASX listed gas exploration and development company. It is currently primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM – known as coal seam gas – CSG -in Australia) in Queensland, Australia and the South Gobi, Mongolia. Elixir Energy has been developing the Gobi H2 green hydrogen project and solar project in Mongolia.
Elixir Energy holds 100% of a Queensland exploration permit ATP 2044, named Grandis Gas Project, located in the Taroom Trough of the Bowen Basin, Queensland. The Grandis Gas Project has booked an initial contingent resource (2C) of 365 billion standard cubic feet of gas. In late 2023, the Company completed the Daydream-2 appraisal well; the well intersected an unexpected permeable sandstone zone at approximately 4,200 metres. The zone flowed gas into the wellbore which resulted in a flare at the surface.
Elixir Energy holds 100% of a CBM production sharing contract (PSC), located just to the North of the Mongolian/Chinese border, which is called the Nomgon. The Nomgon Project licence area covers ~30,000 km2 (~7 million acres).
The Company’s strong foundation of multiple level Government and other energy stakeholder relationships is now being used as a platform to grow cleaner energy options involving hydrogen derived from renewables (green hydrogen).
Managing Director & Chief Executive Officer: Neil Young
Mr Young has more than twenty years’ experience in senior management positions in the upstream and downstream parts of the energy sector, focusing on business development, new ventures, gas marketing and general commercial functions.
He has worked for a range of companies in the UK and Australian including EY, Tarong Energy and Santos. Mr Young founded Golden Horde Ltd in 2011 with a view to exploring for gas on the Chinese border in Mongolia. He has also developed various new ventures in other countries including Kazakhstan, Japan and the USA.
Mr Young has a M.A. (Hons) joint degree in Economics/Politics from the University of Edinburgh.
Latest News
Elixir Energy (ASX:EXR) charts clear course to production in Queensland’s emerging gas hub
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 (ASX:EXR) hands over the reins as Grandis Project edges closer to development
Elixir Energy passes the baton to a proven growth leader as it gears up to commercialise one of the East...
Elixir Energy (ASX:EXR) strikes gas deal with Xstate that could turn molecules into money – fast
Elixir Energy has secured a cost-free pathway to near-term gas production by farming out its Diona sub-block to Xstate Resources,...
Elixir Energy (ASX:EXR) strikes a deep vein of opportunity at Project Grandis
Elixir’s leadership recognises the importance of this milestone, with Managing Director Neil Young highlighting it as a groundbreaking achievement for...
Elixir Energy (ASX:EXR) successfully achieves first gas flow from deep coals in Taroom Trough, Queensland
Elixir Energy's Daydream-2 well has successfully flowed gas from deep coal seams in Queensland's Taroom Trough, marking the first such...
Elixir (ASX:EXR) named tenderer for Grandis-adjacent Taroom territory in Queensland
Elixir is named tenderer for adjacent licenses as state and federal governments continue a push for new domestic resources.
Elixir (ASX:EXR) grows Grandis gas to 1297 billion cubic feet in Queensland quest
A large resource upgrade is expected be shortly followed as Elixir gets its appraisal program back on track for a...
