Gas

OVERVIEW

Elixir Energy Limited (ASX: EXR) is an ASX listed gas exploration and development company. It is currently primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM – known as coal seam gas – CSG -in Australia) in the Taroom Trough, Bowen Basin, Queensland, Australia. Elixir’s total 2C contingent resource in the Taroom Trough is now 3 trillion cubic feet equivalent (TCFE).

Elixir Energy Taroom Trough Projects:

Grandis ATP 2044, and 2077”A” and 2077″B” : 100% of a Queensland exploration permits ATP 2044 and ATP 2077”A” and ATP 2077″B”, named Grandis Gas Project. The Grandis Gas Project has booked an initial contingent resource (2C) of 365 billion standard cubic feet of gas, increasing an independently certified contingent resources (2C) of 1.7 TCFE from (1.5 TCFE from ATP 2044 and 0.3 TCFE from ATP 2077”A”) . In late 2024, the Company completed the Daydream-2 appraisal well; the well intersected an unexpected permeable sandstone zone at approximately 4,200 metres.  The zone flowed gas into the wellbore which resulted in a flare at the surface.

ATP 2056 and ATP 2057 Santos Farmin: 50% working interests (WI) in Queensland exploration permits ATP 2056 and ATP 2057. There are two Farmout Agreements with a wholly owned subsidiary of Santos Ltd (“Santos”) The booking of independently certified contingent resources (2C) of 1.2 TCFE from ATP 2056.

Elixir Energy Project:

ATP 2077”C” Diona: 100% of a Queensland exploration permit ATP 2077, named Diona Gas Project.