Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Elixir Energy Limited ( (AU:EXR) ).
Elixir Energy Limited has announced the execution of a rig contract with Helmerich & Payne for the drilling of the Lorelle-3 appraisal well in Queensland’s Taroom Trough. This well, which is part of a high-impact drilling campaign, is set to commence mobilization in January 2026. The project aims to explore the Permian sandstone targets and could significantly impact Elixir’s operations by validating the quality of their acreage. The drilling is strategically aligned with Shell’s operations, potentially enhancing Elixir’s industry positioning and offering substantial tax incentives for the qualifying activities.
More about Elixir Energy Limited
Elixir Energy Limited is the largest acreage holder in the Taroom Trough within Queensland’s Bowen Basin. The company focuses on appraising its significant contingent gas resources, strategically located near key gas infrastructure and investment areas, including Shell’s operations. Elixir leverages its position in the mature onshore gas industry of Queensland to advance its projects.
Average Trading Volume: 3,355,170
Technical Sentiment Signal: Sell
Current Market Cap: A$57.79M
Learn more about EXR stock on TipRanks’ Stock Analysis page.