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Elixir Energy Secures 50% Stake in Two Taroom Trough Permits with $9M Capital Raise

8:55am on Monday 2nd of June, 2025 AEST Energy
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Elixir Energy Secures 50% Stake in Two Taroom Trough Permits with $9M Capital Raise

8:55am on Monday 2nd of June, 2025 AEST
Key Points
  • Farmin agreement with Santos grants Elixir 50% interest in ATP 2056 and ATP 2057
  • Contingent resources increase to 3.0 trillion cubic feet equivalent (2C net to Elixir)
  • Up to $9 million equity capital raising planned to fund drilling and seismic acquisition
  • Lorelle-3 appraisal well scheduled for Q3 2025 to evaluate gas and condensate potential
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