Elixir Energy Limited ( (AU:EXR) ) has provided an announcement.
Elixir Energy Limited has announced significant expansion in its Grandis Project within the Taroom Trough, Queensland, through two Farmout Agreements with Santos Ltd, securing 50% working interests in two exploration licenses. The company also plans a capital raising of up to $9 million to fund these operations, which include drilling and seismic acquisition, enhancing its strategic positioning and resource base in the region.
More about Elixir Energy Limited
Elixir Energy Limited is a company operating in the energy sector, focusing on exploration and production of natural gas resources. Its primary market focus is on developing gas projects in the Taroom Trough, Queensland, where it engages in partnerships and capital raising to expand its resource base.
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $32.94M
Find detailed analytics on EXR stock on TipRanks’ Stock Analysis page.