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An announcement from Elixir Energy Limited ( (AU:EXR) ) is now available.
Elixir Energy Limited has strategically pivoted its operations to focus on the Australian Eastern Seaboard gas market, specifically the Taroom Trough, due to its significant infrastructure advantages and exploration potential. The company has achieved notable successes with the Daydream #2 and Diona #1 projects, demonstrating the recoverability of gas resources and paving the way for commercial development. This shift aligns with the growing recognition by Australian governments of the critical role natural gas will play in the country’s energy future, and Elixir is positioning itself as a key player in this evolving landscape.
More about Elixir Energy Limited
Elixir Energy Limited is a company operating in the energy sector, focusing on natural gas exploration and production. The company has shifted its focus from Mongolia to the Australian Eastern Seaboard gas market, particularly targeting the Taroom Trough in South-East Queensland.
Average Trading Volume: 3,658,987
Technical Sentiment Signal: Sell
Current Market Cap: A$60.18M
See more insights into EXR stock on TipRanks’ Stock Analysis page.