Latest Farmout Transactions News

Elixir Energy has agreed to farm out half of its interests across much of the Taroom Trough to Beach Energy for $25 million in cash and a four-year, $180 million gross carried work program. The deal could materially reduce Elixir’s funding burden, but completion still depends on several approvals and conditions.

ADX Energy Ltd is gearing up to restart flow testing at Welchau-1 and drill multiple shallow gas and oil wells in Upper Austria starting January 2026, aiming for a significant boost in production from low-risk prospects.