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Elixir Energy Limited (ASX:EXR)

ALERT: Price-sensitive ASX Announcement for EXR
Current share price for EXR : $0.044 -0.076 (-63.33%)+
Announcement
Release
15 Jul 2026 8:20AM
Price at Release
$0.120
Full Release
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Summary
Elixir Energy Limited provided an update on the Lorelle-3H flow testing within the ATP2056 permit in Queensland's Taroom Trough. The well completed its initial clean-up phase, recovering approximately 32% of stimulation fluid and achieving dual-phase rates of up to 1,700 barrels per day of fluids and gas rates up to about 3 million standard cubic feet per day. This indicates promising productivity potential for the well. The company plans to stabilize the flows by installing pre-prepared tubing and will resume flow testing shortly. The operation is part of a broader effort to evaluate the gas and condensate potential of the Tinowon ‘Dunk’ Sandstone, which has shown promising petrophysical results during drilling and testing phases.
Key Points
  • Lorelle-3H completed initial clean-up phase.
  • Recovered ~32% of stimulation fluid.
  • Achieved gas rates up to ~3 mmscfd.
  • Well is located in ATP2056, Queensland.
  • No sand/proppant production observed.
  • Pre-prepared tubing to be installed for stabilization.
  • Gas samples collected for analysis.
  • Potential for commercial gas and condensate flow.
  • Petrophysical results exceeded expectations.
  • Lorelle-3H is a high-impact appraisal well.
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.