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Elixir Energy Limited ( (AU:EXR) ) has provided an update.
Xstate Resources Limited has completed the construction of the well pad for the Diona-1 well in the Surat-Bowen Basin, Queensland, where it holds a 51% working interest. The Diona project, strategically located near existing gas infrastructure, targets three proven hydrocarbon reservoirs and promises a swift path to market if successful, with drilling set to commence shortly.
The most recent analyst rating on (AU:EXR) stock is a Buy with a A$0.19 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
Xstate Resources Limited, listed on the ASX under the code XST, is focused on the oil and gas sector with key projects in Queensland, Australia, and exploration assets in the Sacramento Basin, California.
Average Trading Volume: 2,685,078
Technical Sentiment Signal: Hold
Current Market Cap: A$61.58M
For an in-depth examination of EXR stock, go to TipRanks’ Overview page.