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Elixir Energy Limited (ASX:EXR)
ALERT: Price-sensitive ASX Announcement for EXR
Current share price for EXR : $0.051 -0.024 (-32%)+
Announcement
Release
31 Jul 2026 8:25AM
Price at Release
$0.075
Full Release
Summary
Elixir Energy Limited's Q4-FY26 report highlights significant operational advancements and strategic developments. The company completed the stimulation and initial testing of the Lorelle-3H appraisal well in ATP2056, achieving promising flow rates. Additionally, the Diona-1 exploration well reported over-pressured low impurity gas flows, although further testing requires artificial lift installation. Elixir's contingent gas resources in the Taroom Trough increased by 24%, with notable bookings in ATP2057. An agreement with APA Group was made to explore a pipeline route to Wallumbilla Gas Hub. The company closed the quarter with $11.1 million in liquidity, having executed its 2026 capital program, and holds outstanding options expiring in October 2026.
Key Points
- Completion of Lorelle-3H appraisal well stimulation and testing.
- Diona-1 well results indicate valuable recoverable resources.
- New 662 BCFe net 2C gas resources booked in ATP2057.
- Executed agreement for feasibility study on pipeline to Wallumbilla Gas Hub.
- 24% increase in total contingent gas resources in the Taroom Trough.
- Quarter ended with $11.1 million liquidity and future option expirations.
- Engagement with APA Group for pipeline feasibility work.
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.
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