Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Elixir Energy Limited ( (AU:EXR) ) has issued an announcement.
Elixir Energy reported a highly active quarter marked by the successful drilling, coring, logging and casing of its Lorelle-3/3H appraisal wells in ATP2056, all delivered on schedule and within budget. The Lorelle-3 pilot intersected four material Permian hydrocarbon-bearing reservoirs totaling 148 metres of net gas‑condensate pay, while the Lorelle-3H horizontal well achieved a record 1,157‑metre lateral section entirely within the primary Tinowon ‘Dunk’ Sandstone objective, with 1,033 metres of high‑quality net gas‑condensate pay exceeding pre‑drill expectations.
The company also completed the Teelba 2D seismic survey in ATP2057, acquiring 225 kilometres of modern high‑resolution data over some of its most prospective Taroom Trough acreage. Backed by a new debt facility of up to $10 million linked to its approved R&D program and quarter‑end liquidity of $22.3 million, Elixir has largely completed its 2026 capital program and is fully funded for the remainder of the year, positioning it for key upcoming flow tests and progress toward its maiden 2P reserves booking in the Taroom Trough.
More about Elixir Energy Limited
Elixir Energy Limited is an Australian oil and gas exploration and production company focused on the Taroom Trough region in Queensland. The company is advancing conventional and unconventional gas-condensate projects, with a particular emphasis on appraisal and development activities in permits ATP2056 and ATP2057 to support domestic and regional energy markets.
Average Trading Volume: 8,397,139
Technical Sentiment Signal: Buy
Current Market Cap: A$270.9M
For detailed information about EXR stock, go to TipRanks’ Stock Analysis page.