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Elixir Energy Limited (ASX:EXR)

ALERT: Price-sensitive ASX Announcement for EXR
Current share price for EXR : $0.046 -0.029 (-38.67%)+
Announcement
Release
3 Aug 2026 8:28AM
Price at Release
$0.075
Full Release
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Summary
Elixir Energy Limited announced the successful completion of the first phase of flow testing at its Lorelle-3H appraisal well in ATP2056 within Queensland's Taroom Trough. The well achieved peak gas flow rates of 10.4 mmscfd with additional condensate production, indicating a strong reservoir performance compared to nearby offset wells. The gas produced is of excellent quality, requiring minimal processing and demonstrating a high energy conversion factor. The results support the notion that the Taroom Trough presents a globally significant opportunity for gas development. Following a planned 60-day soak, a second phase of testing is scheduled to further assess the well's potential. The Lorelle-3H is strategically located near the Wallumbilla Gas Hub, aiding in future development planning and production readiness.
Key Points
  • Lorelle-3H achieved peak rates of 10.4 mmscfd with 10 bbls/d condensate.
  • Gas composition is excellent with negligible impurities and high conversion factors.
  • Proves Taroom Trough's global significance for gas development.
  • Significant improvement in flow rates and production readiness.
  • A 60-day soak is planned before the second phase of testing.
  • Lorelle-3H is located 55km from the Wallumbilla Gas Hub.
  • Elixir has a 50% working interest in the project.
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.