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Elixir Energy Advances Feasibility Studies at Queensland Project; Shares Up 11%

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Elixir Energy (ASX:EXR) advanced feasibility studies and concept select works on the Warkon Pilot, its northwestern Taroom Trough gas and condensate production pilot project in Queensland, according to a Wednesday filing with the Australian bourse.

APT Management Services, an APA Group (ASX:APA) subsidiary, completed the feasibility work on the custody transfer and pipeline from the Warkon Pilot to the Wallumbilla Gas Hub, the filing said.

The company also engaged Simpliphi to undertake the first phase of concept select and engineering works on the project's upstream plant, per the filing.

Elixir Energy shares rose 11% in morning trade Wednesday.

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