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Elixir Energy Secures Rig for High-Stakes Lorelle-3 Well After Diona-1 Success
8:20am on Friday 31st of October, 2025 AEDT
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Energy
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Elixir Energy Secures Rig for High-Stakes Lorelle-3 Well After Diona-1 Success
8:20am on Friday 31st of October, 2025 AEDT
Key Points
Diona-1 well logs 23m net gas pay with 10% average porosity
Elixir resumes operatorship for completion and production testing at Diona-1
Terms secured for H&P FlexRig 648 to drill Lorelle-3 in January 2026
Company ends quarter with $9.2 million in cash and receivables including $3.8 million R&D refund
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