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Elixir Energy Limited ( (AU:EXR) ) has provided an update.
Elixir Energy Limited, an energy company, has successfully completed a farmout agreement for the Diona Sub-Block of ATP 2077 in Queensland. This agreement allows Xstate Resources to acquire a 51% interest and become the sole operator, while Elixir retains a 49% interest and full ownership of the Taroom Trough blocks. This strategic move is expected to enhance Elixir’s operational capabilities and market positioning by leveraging Xstate’s resources and expertise.
More about Elixir Energy Limited
Average Trading Volume: 20,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: $17.72M
For a thorough assessment of EXR stock, go to TipRanks’ Stock Analysis page.