ELIXIR ENERGY ORD
Omega Oil and Gas Acquires 19.43% Stake in Elixir Energy to Accelerate Taroom Trough Development
Omega Oil and Gas (ASX: OMA) has acquired a 19.43% equity interest in Elixir Energy (ASX: EXR) through a $13.9 million placement that forms the foundation of a broader capital raising allowing Elixir to accelerate Phase 2 of its Strategic Plan.
Xstate Resources and Elixir Energy Discover Substantial Gas Column at Diona-1 Well
Xstate Resources (ASX: XST) and farm-in partner Elixir Energy (ASX: EXR) are eagerly seeking further data after drilling into a significant gas column at the Diona-1 well in the onshore Surat-Bowen Basin in Queensland. While the partners found the well’s primary target to be non-hydrocarbon bearing, they subsequently encountered a 181-metre hydrocarbon prone permian-to-basement sequence at a […]
Drilling success at Queensland’s Taroom Trough could undercut gas reservation debate
While federal opposition leader Peter Dutton’s plan to enforce a gas reservation policy on the east coast of Australia is creating major angst within the nation’s energy industry, recent drilling success in central Queensland could make it a moot point in the long term. Global energy major Shell, leading Australian gas supplier Santos (ASX: STO) and […]
Weekly wrap: minor fall comes after ten positive sessions
It was a close-run thing but the Australian share market recorded its first fall after ten positive sessions on Friday, with the ASX 200 index shedding just 3.1 points to 8023.9 points. With a major speech from US Federal Reserve chair Jerome Powell in prospect and a 1.7% fall on the Nasdaq as a lead in, […]
