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Elixir Energy Limited (ASX:EXR)

ALERT: Price-sensitive ASX Announcement for EXR
Current share price for EXR : $0.045 -0.07 (-60.87%)+
Announcement
Release
6 Jul 2026 8:39AM
Price at Release
$0.115
Full Release
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Summary
Elixir Energy Limited announced that its Lorelle-3H well in Queensland's Taroom Trough has successfully transitioned into gas flows. The well began flowing background gas shortly after initiating flowback, with fluid recovery rates within expected ranges. A sustained gas breakthrough was achieved within five days, indicating strong future performance. The forward program includes continuing flowback and production testing to observe peak gas-condensate rates. This development highlights the potential for commercial flow rates and reserve conversion, underscoring Elixir's significant position in the Taroom Trough.
Key Points
  • Lorelle-3H commenced transition into gas flows with promising flowback operations.
  • The well began flowing background gas shortly after starting flowback, with fluid recovery rates within expected ranges.
  • Sustained gas breakthrough was achieved within five days, indicating strong future well performance.
  • Elixir successfully milled out stage plugs from the 12-stage fracture stimulation.
  • Gas flows increased as fluid rates declined, indicating a transition to gas-dominant production.
  • Forward program includes further flowback and production testing to observe peak gas-condensate rates.
  • Lorelle-3H aims to demonstrate commercial flow rates and eventual reserve conversion.
  • Elixir Energy is the largest acreage holder in the Taroom Trough, aiming to appraise 3.5 TCF of contingent gas resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.