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.
Xstate Resources Managing Director Andrew Bald says early results from the Diona-1 well highlight the presence of hydrocarbons and reinforce the value of the company’s multi-stacked play strategy.
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’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.