Elixir Energy mobilises Teelba 2D seismic to advance Taroom Trough gas play

Elixir Energy Limited ( (AU:EXR) ) just unveiled an announcement.

Elixir Energy has begun mobilising contractor Terrex Seismic’s fleet and equipment for the Teelba 2D seismic campaign in ATP2057, on the western flank of Queensland’s Taroom Trough. The three‑week program will acquire 200 km of new 2D seismic over highly prospective ground targeting thick Permian sand packages on trend with Shell’s wells and Elixir’s Lorelle‑3 pilot, where modern seismic has correlated strongly with strong petrophysical results.

Although ATP2057 currently carries no contingent resource, Elixir says the new high‑resolution seismic may support future independent certification of gas and condensate volumes. Completion and processing of the survey will also satisfy the work and permit commitments under Elixir’s 50% farm‑in with Santos Limited, reinforcing the project’s progression and partnership framework in a strategically located part of Queensland’s onshore gas industry.

The most recent analyst rating on (AU:EXR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Elixir Energy Limited stock, see the AU:EXR Stock Forecast page.

More about Elixir Energy Limited

Elixir Energy Limited is an ASX-listed gas exploration and development company and the largest acreage holder in the Taroom Trough in Queensland’s Bowen Basin. Its assets sit close to the Wallumbilla Gas Hub, major pipelines, LNG export facilities and refineries, and it is focused on appraising about 2.8 TCF of independently certified 2C contingent gas resources in a basin-centred gas play bordering Shell’s key investments.

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Technical Sentiment Signal: Hold

Current Market Cap: A$151.4M

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