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Elixir Energy Limited ( (AU:EXR) ) just unveiled an announcement.
Elixir Energy Limited has announced significant progress in its Queensland operations, particularly with the Diona-1 and Lorelle-3 projects. The company has resumed operatorship of the Diona-1 permit and is planning multi-stage stimulation and production testing this quarter, which could lead to early production and cash flow due to the site’s proximity to existing infrastructure. Additionally, Elixir has secured terms for the use of a high-efficiency drilling rig for the Lorelle-3 well, which is set to be one of the highest impact wells in the Taroom Trough in 2026, demonstrating strong collaboration with Shell.
More about Elixir Energy Limited
Elixir Energy Limited is a company operating in the energy sector, focusing on exploration and production activities. It is involved in the development of natural gas resources, particularly in the Taroom Trough and Surat-Bowen Basin regions of Queensland, Australia.
Average Trading Volume: 3,297,062
Technical Sentiment Signal: Sell
Current Market Cap: A$60.18M
For an in-depth examination of EXR stock, go to TipRanks’ Overview page.