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Elixir Energy Limited ( (AU:EXR) ) has shared an update.
Elixir Energy Limited has announced an increase in its 2C Contingent Gas Resources by 189 BCFe in the ATP2077 Block-B, located on the western flank of the Taroom Trough. This addition brings the company’s total gas resources in the area to approximately 2.8 TCFe, highlighting its strong position in the Basin Centred Gas Play. The new resources, independently certified by Sproule ERCE, reflect the company’s strategic focus on expanding its resource base, potentially enhancing its market positioning and offering significant implications for stakeholders.
More about Elixir Energy Limited
Elixir Energy Limited operates in the energy sector, focusing on the exploration and development of gas resources. The company is engaged in activities within the Bowen Basin, particularly in the Taroom Trough, where it holds significant acreage positions.
Average Trading Volume: 3,346,284
Technical Sentiment Signal: Sell
Current Market Cap: A$60.61M
See more insights into EXR stock on TipRanks’ Stock Analysis page.