Elixir Energy Reports Positive Stimulation Results at Diona-1 Gas Well

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

Elixir Energy has provided an operational update on the Diona-1 exploration well in the Surat-Bowen Basin, where it holds a 49% interest alongside joint venture partner Xstate Resources. The company’s assets benefit from proximity to major gas pipelines, processing plants, and the Wallumbilla Gas Hub, positioning it strategically within Australia’s onshore gas sector.

All target zones in the Diona-1 well have now been successfully fracture-stimulated, with gas observed during post-stimulation flowback, a positive indicator ahead of planned flow testing and pressure monitoring. If the well tests successfully, its location just metres from the Waggamba to Silver Springs gas pipeline could enable a rapid route to market, potentially enhancing Elixir’s ability to commercialise its gas resources and strengthening its role in supplying eastern Australian gas markets.

More about Elixir Energy Limited

Elixir Energy Limited is an Australian oil and gas explorer focused on natural gas resources in Queensland’s Bowen and Surat-Bowen basins. The company is the largest acreage holder in the Taroom Trough and is working to appraise a substantial independently certified contingent gas resource close to key gas infrastructure, LNG export facilities, and the Wallumbilla Gas Hub.

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