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An update from Elixir Energy Limited ( (AU:EXR) ) is now available.
Omega Oil and Gas has appointed two nominees, existing Omega non-executive director Peter Stickland and independent nominee Anthony Tarr, to the board of Elixir Energy as casual vacancies, following Omega’s acquisition of a 19.43% stake in Elixir via a $13.9 million placement and a planned further $0.68 million participation in a conditional second tranche. The move deepens Omega’s strategic influence and access to data across the Taroom Trough, particularly on the western flank, enhancing its basin knowledge and governance input at Elixir while supporting a busy 2026 drilling campaign, including the Lorelle-3 well, which is seen as a potential near-term value catalyst and part of Omega’s broader, well-funded appraisal and growth program in the region.
The most recent analyst rating on (AU:EXR) stock is a Hold with a A$0.07 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
Omega Oil and Gas Ltd is an ASX-listed energy company focused on exploration and appraisal activities in the Taroom Trough, targeting oil and gas resources on both the eastern and western flanks of the basin. The company is positioning itself as a key industry partner in this emerging province, leveraging capital strength and technical expertise to advance its Canyon Project and broader growth program.
Average Trading Volume: 3,767,861
Technical Sentiment Signal: Buy
Current Market Cap: A$138.8M
See more data about EXR stock on TipRanks’ Stock Analysis page.