Latest Elixir Energy (ASX:EXR) News

Elixir Energy Limited has responded to ASX concerns over a delayed director interest disclosure, attributing the lapse to administrative changes and reaffirming its compliance protocols.

Elixir Energy has raised approximately AUD 16.6 million through a two-tranche placement led by Omega Oil & Gas, aiming to fast-track its Taroom Trough gas projects and advance toward commercial production.

Omega Oil and Gas has secured a significant 19.43% equity interest in Elixir Energy, deepening its footprint in Queensland’s Taroom Trough and gaining exposure to near-term drilling catalysts.

Elixir Energy secures $16.6 million in a capital raise led by Omega Oil and Gas, unlocking Phase-2 of its strategic plan to define reserves in Queensland’s Taroom Trough. This funding accelerates appraisal drilling and production testing, positioning Elixir for a pivotal year ahead.

Elixir Energy has secured a specialized rig imported by Shell to drill the pivotal Lorelle-3 appraisal well in Queensland’s Taroom Trough, with operations set to begin in January 2026. This move aims to validate Elixir’s substantial gas resources adjacent to Shell’s acreage.

Elixir Energy advances its dominant position in Queensland’s Taroom Trough with a major drilling campaign set for early 2026, aiming to address looming East Coast gas shortages. The company’s extensive acreage and certified resources position it as a key player in Australia’s energy future.

Elixir Energy’s upcoming Lorelle-3 appraisal well in Queensland’s Taroom Trough has qualified for a substantial federal R&D tax incentive, covering nearly half of its drilling and testing costs. This financial boost underpins the company’s ambitious plans to validate a major gas play in 2026.

Elixir Energy has independently certified an additional 189 BCFe of 2C contingent gas resources in Queensland’s Taroom Trough, lifting its total certified resources to approximately 2.8 TCFe. This milestone underscores the company’s expanding footprint in a key Australian gas basin with promising commercial potential.

Elixir Energy has received a $3.861 million R&D tax refund, providing crucial funding for its upcoming Taroom Trough appraisal drilling and production testing programs.

Elixir Energy reports promising gas pay results at Diona-1 and secures a premium drilling rig for the upcoming Lorelle-3 appraisal well, positioning itself for a pivotal phase in the Taroom Trough.

Elixir Energy is set to resume production testing at its Diona-1 well this quarter and prepare for the high-impact Lorelle-3 appraisal well drilling in January 2026, aiming to unlock significant gas resources in Queensland’s Taroom Trough.

Elixir Energy has confirmed 23 meters of net gas pay across three Permian formations at its Diona-1 well in Queensland, setting the stage for flow testing and potential near-term gas production.