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Asia

Elixir Energy in Talks With Beach Energy for Taroom Trough Farm-In

Elixir Energy (ASX:EXR) said it is in talks with Beach Energy (ASX:BPT) over a potential strategic farm-in to Elixir's Taroom Trough portfolio in Queensland, according to a Thursday filing with the Australian bourse.Elixir has provided hard exclusivity to Beach Energy until Oct. 1 to facilitate the negotiations and due diligence, but warned that there is no assurance of any deal materializing.The company issued the statement in response to a report by The Australian.

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Asia

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

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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Asia

Elixir Energy Signs 3D Seismic Data Sharing Agreement With QGC Over Queensland Permit; Shares Up 4%

Elixir Energy (ASX:EXR) entered into an agreement with QGC and Santos (ASX:STO) unit, Santos QNT, to facilitate QGC's entry into ATP2056, in which Elixir holds a 50% interest, for the acquisition of 3D seismic data over the southern border of the permit and an area over the Lorelle-3 appraisal well, according to a Monday Australian bourse filing.The company said it will receive pre- and post-processed data acquired in ATP2056 and a commensurate polygon of data extending into QGC's ATP645 permit, totaling 54 square kilometers and creating the ability to tie these seismic volumes to the historical Overston 3D seismic.Elixir and Santos have also agreed to exchange static well information from the Lorelle-3 appraisal well for commensurate information from QGC's Bathurst-5 appraisal well, while QGC has also notified Elixir that seismic acquisition over ATP2077-A under an existing agreement has been successfully completed.Elixir Energy's shares rose past 4% in recent Monday trade, while Santos's shares shed more than 2%.

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Asia

Elixir Energy Secures AU$5 Million Through Placement; Shares Fall 10%

Elixir Energy (ASX:EXR) secured firm commitments to raise AU$5 million through the placement of 125 million new shares at AU$0.04 each, backed by new and existing institutional and sophisticated investors, according to a Wednesday Australian bourse filing.Settlement is expected on Aug. 19, with the new shares scheduled to be allotted on Aug. 20, per the filing.The proceeds will be used to complete the 60-day soak and second phase of flow testing at Lorelle-3H, undertake artificial lift and flow testing at Diona-1 subject to joint venture approval, and initiate the company's strategic review, the filing said.The company's shares fell 10% in recent Wednesday trade.

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Asia

Elixir Energy Meets Objective of Demonstrating Commercial Flow Rate at Queensland Appraisal Well, Euroz Hartleys Says

Elixir Energy's (ASX:EXR) initial stabilized production rates at its Lorelle-3H appraisal well in Queensland met the objective of demonstrating a commercial flow rate, representing a major technical milestone for both the company and the Taroom Trough exploration area, Euroz Hartleys said in a Monday note.Lorelle-3H achieved a 1,033-meter net gas pay horizontal section with peak gas rates of 10.4 million standard cubic feet per day and 10 barrels per day of condensate.The company has now shut-in the well for 60 days ahead of a second phase of flow testing planned to start in early October, the investment firm said.The initial flow testing results support reserve conversion and future development planning while boosting the strategic appeal and value of Elixir Energy's acreage. While the condensate rate is a little lower than anticipated, it may rise on unloading and further testing, Euroz Hartleys said.It added that the results also compare favorably to Beetaloo Energy's (ASX:BTL) Carpentaria-5H well in the Beetaloo Basin drilled in July 2025.Euroz Hartleys maintained a speculative buy recommendation on Elixir Energy with an under-review price target of AU$0.28 per share.Elixir Energy shares fell 29% in recent Monday trade.

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Asia

Elixir Energy Completes First Phase of Queensland Appraisal Well Flow Testing; Shares Plunge 31%

Elixir Energy (ASX:EXR) said the first phase of flow testing at its Lorelle-3H appraisal well in Queensland was completed, according to a Monday Australian bourse filing.The well produced at peak rates of 10.4 million standard cubic feet per day with 10 barrels per day of light oil/condensate, or 10.5 million standard cubic feet per day expressed as a gas rate, and averaged 6.2 million standard-cubic-feet-per-day-equivalent over the hour.The gas produced contained only 1% of carbon dioxide and included around 10% of ethane and around 4% of propane resulting in an energy/sales conversion factor of 1 million standard cubic feet of gas equalling 1.21 terajoules of sales gas.The company's shares fell nearly 31% in recent trading on Monday.

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Asia

Elixir Energy Completes Initial Clean-Up at Queensland Appraisal Well; Shares Fall 17%

Elixir Energy (ASX:EXR) completed an initial clean-up phase at its Lorelle-3H appraisal well in Queensland, recovering around 32% of its stimulation fluid with dual phase rates of up to 1,700 barrels per day of fluid and gas rates of up to around 3 million standard cubic feet per day, according to a Wednesday filing with the Australian bourse."This degree of productivity during this phase of the flow-back bodes well for the potential of the Lorelle-3H well," the company said.Meanwhile, field measurements of the gas production confirmed low impurity gas with 1% or less of carbon dioxide and zero percent hydrogen sulfide, it added.Shares of Elixir Energy fell 17% in recent Wednesday trade.

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Asia

Elixir Energy's Queensland Appraisal Well Update Adds to Evidence of In-Line Reservoir Deliverability, Euroz Hartleys Says

Elixir Energy's (ASX:EXR) transition to sustained gas flow at the Lorelle-3H appraisal well in Queensland provides more evidence that reservoir deliverability is tracking as expected, Euroz Hartleys said in a Monday note.The company confirmed the completion of post-fracture stimulation plug milling and the start of controlled flow back operations at the well, and Euroz Hartleys views the update positively.The release of peak gas-condensate flow rates remains key near-term catalysts to determine if Lorelle-3H can demonstrate commercial flow rates. A successful test would represent "a significant technical milestone" for the Taroom Trough, where the well is located, and increase Elixir Energy's appeal as a merger and acquisition target, the investment firm said."While production rates have not yet been disclosed, the absence of operational issues and favorable pressure behavior appear to further de-risk the production test," the equity research firm said.It maintained a speculative buy recommendation on Elixir Energy with an under-review target price of AU$0.28 per share.Elixir Energy shares gained more than 17% in recent Monday trade.

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Asia

Elixir Energy Records Gas Breakthrough, Sustained Gas Flows at Queensland Appraisal Well; Shares Surge 13%

Elixir Energy (ASX:EXR) said official gas breakthrough and sustained gas flow at the Lorelle-3H appraisal well in Queensland occurred on July 4 at a bottom hole pressure of 6,300 pounds per square inch (psi), a minor underbalance, and drawdown on the reservoir pressure of 6,350 psi, according to a Monday filing with the Australian bourse.The company plans to start production testing when it observes the critical dominant phase change from fluid to gas.The test will continue throughout July, where peak gas-condensate rates will be observed and along with any initial decline of the well with its exit rates.The company's shares surged 13% in recent Monday trade.

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Asia

Elixir Energy's Queensland Well Flow test Could Indicate Commercial Potential of Basin, Euroz Hartleys Says

Elixir Energy's (ASX:EXR) flow test result at the Lorelle-3H well in the Taroom Trough, onshore Queensland, could indicate the commercial potential of the basin, Euroz Hartleys said in a Friday note.Elixir said it completed a 12-stage fracture stimulation program at its Lorelle-3H appraisal well.Interest is rising due to the basin's scale, with billions of dollars of in-ground value, to be proved in a commercial sense, with proximity to existing infrastructure servicing domestic gas and liquefied natural gas plant markets.A successful commercial flow test result, proving around 4 million standard cubic feet per day to 5 million standard cubic feet per day, would increase the mergers and acquisitions appeal of Elixir as a target for basin peers and LNG players.The investment firm reiterated its speculative buy recommendation on Elixir Energy with its price target of AU$0.28 per share currently under review.

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Asia

Elixir Energy Completes Fracture Stimulation at Queensland Appraisal Well; Shares Gain 9%

Elixir Energy (ASX:EXR) said it completed a 12-stage fracture stimulation program at its Lorelle-3H appraisal well in Queensland, according to a Friday filing with the Australian bourse.The company said all of the sand pumped was placed within the target formation to achieve "a permeability pathway into the reservoir."Lorelle-3H will be in partial flow back while stage-plugs installed during the fracture stimulation are milled, after which Elixir will rig down the coiled tubing unit and start the staged flowback of the well. The company will then perform gas-condensate production testing over a 30-day period.Shares of Elixir Energy advanced 9% in recent Friday trade.

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Asia

Elixir Energy Starts Completion, Testing Phase for Queensland Well

Elixir Energy (ASX:EXR) started the stimulation, completion, and testing phase for its Lorelle-3H appraisal well in ATP2056 within the Taroom Trough in Queensland, according to a Thursday filing with the Australian bourse.The diagnostic fracture injection test will be undertaken at the toe of the horizontal well to measure reservoir pressure of the Tinowon "Dunk" Sandstone and collect other data to support the multi-stage stimulation, the filing said.Work to design an optimal fracture stimulation and production test has largely concluded, with the company completing the contracting, procurement, and preparation for the current phase, per the filing.Shares rose 2% in morning trade on Thursday.

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Asia

Elixir Energy's Queensland Exploration Well Falls Short of Fluid Recovery Target

Elixir Energy (ASX:EXR) said its Diona-1 exploration well in Queensland has recovered about 46% of injected fluid in the Surat-Bowen Basin, falling short of the 50% to 60% range required to demonstrate natural flow stabilization, according to a Tuesday filing with the Australian bourse.Gas production remains nearly impurity-free, indicating strong reservoir quality and connectivity, but unstable recovery persists due to returning stimulation fluids, as confirmed by echo meter data and salinity measurements, per the filing.The joint venture is considering an artificial lift system to resume flow testing and better assess the gas-condensate resource, while also engaging Sproule ERCE to independently certify contingent resources across the 375-square-kilometer Diona sub-block, the filing added.Elixir holds 49% of the ATP2077 Diona sub-block joint venture, while Xstate Resources (ASX:XST) holds a 51% stake.

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Asia

Elixir Energy Starts Flow-Back at Queensland Exploration Well

Elixir Energy (ASX:EXR) said it has started flow-back and clean-up operations at the Diona-1 exploration well in Queensland following the completion of stimulation at the site, according to a Monday filing with the Australian bourse.The workover rig and ancillary equipment is being demobilized from Diona-1, with the well testing package rigged up, per the filing.Diona-1 will continue unloading stimulation and completion fluid. Once gas and condensate displace and dominate the overall production stream, the stream will be diverted to the measurement equipment, and the multi-rate and pressure monitoring phase will begin, Elixir Energy said.

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Asia

Elixir Energy Completes Stimulation Activities at Queensland Well Site

Elixir Energy (ASX:EXR) completed stimulation activities at all target zones within the Diona-1 well site in the Surat-Bowen basin in Queensland, with equipment now demobilized, according to a Monday Australian bourse filing.During the flowback period post-stimulation, the presence of gas was observed along with the return fluids.Milling and completion operations are underway, after which the flow testing and pressure monitoring operations will begin.Elixir holds 49% of the ATP2077 Diona sub-block joint venture, while Xstate Resources (ASX:XSR) holds a 51% stake.

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Asia

Stimulation Equipment Arrives at Elixir Energy's Queensland Well Site, Shares Up 7%

Elixir Energy (ASX:EXR) said stimulation equipment arrived and rigging up began at the Diona-1 well site in the Surat-Bowen basin in Queensland, according to a Tuesday Australian bourse filing.The equipment will be used for the three-zone fracture stimulation operations of the net gas-condensate pay measured at Diona-1.Flowback, production, and pressure-monitoring tests will begin at the well after fracture stimulation, completion, and rigging up of well testing equipment.Its shares rose 7% in recent trading on Tuesday.

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Asia

Elixir Energy Holds Largest Net Acreage in Queensland's Taroom Trough After 24% Increase in Discovered Resources, Euroz Hartleys Says

Elixir Energy (ASX:EXR) now holds an estimated contingent resource position of 3.5 trillion cubic feet equivalent (Tcfe) of gas in the Taroom Trough acreage following a 24% increase in discovered resources, giving it the largest net acreage position in the Queensland oil and gas basin, Euroz Hartleys said in an April 24 note.That compares with a basin position of 1.7 Tcfe for peer Omega Oil & Gas (ASX:OMA), the equity research firm said.Elixir Energy's Lorelle-3H well is arguably "the best drilled in the basin to date," with a horizontal length of 1,157 meters and average porosity of over 11%, which materially de-risks the company's upcoming hydraulic fracturing and flow test from the middle of June, Euroz Hartleys said.The company also has a 50% stake in the Diona well, a side project on the fringes of the Taroom Trough that recently returned "encouraging" drilling results to prove potential opportunity for near-term cashflow, the equity research firm said.Euroz Hartleys reiterated its speculative buy recommendation on Elixir Energy with an under-review price target of AU$0.28.Elixir Energy and Omega Oil & Gas' shares each fell past 3% in recent Monday trade.

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Asia

ASX Midday Sector Update: Information Technology Stocks Gain, Energy Declines

Information technology stocks were advancing over 4% to lead gainers in midday trading Tuesday, as markets remained hopeful for an eventual peace agreement between the US and Iran even as a naval blockade of the Strait of Hormuz took effect.WiseTech Global (ASX:WTC) and Xero (ASX:XRO), the two biggest stocks in the sector based on market capitalization, rose past 6% and over 5%, respectively.On the flip side, energy stocks were declining less than 1% as oil prices again tracked below $100 per barrel.Elixir Energy (ASX:EXR) bucked the trend and was advancing more than 16% after Euroz Hartleys said in a Monday note that the company is a key pick to tap the potential of the Taroom Trough, an emerging onshore oil and gas basin in Queensland that is gaining mainstream attention.

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Asia

Elixir Energy Front-Runner in Queensland-Based Taroom Trough, Says Euroz Hartleys

Elixir Energy (ASX:EXR) is a key pick to tap the potential of the Taroom Trough, an emerging onshore oil and gas basin in Queensland that is gaining mainstream attention, Euroz Hartleys said Monday in a note.Queensland Premier David Crisafulli last week led federal officials on a visit to the Taroom Trough with operators including Elixir Energy to highlight the basin's potential as a source of energy security.Elixir, much like the oil giant Shell, which is steering the commercialization of the basin, commenced feasibility work on Friday with APA Group (ASX:APA) on a pipeline linking potential Taroom Trough gas production to the Wallumbilla Gas Hub, improving access to domestic and export markets. Early drilling results from these companies are suggesting encouraging resource potential.Euroz Hartleys is betting on Elixir as the company trades at about half the valuation of basin peer Omega Oil and Gas (ASX:OMA) despite holding the largest net acreage and resource position in the Taroom. Additionally, Elixir holds a 50% stake in the Diona well, a side project close to the Taroom, which could support small-scale and near-term production if testing is successful.Euroz Hartleys maintained its speculative buy rating on Elixir Energy and raised its price target to AU$0.28 from AU$0.19.

ASX:APAASX:EXRASX:OMA

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