Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Elixir Energy Limited ( (AU:EXR) ) just unveiled an update.
Xstate Resources Limited announced the commencement of drilling operations for the Diona-1 well in the Surat-Bowen Basin, Queensland. The drilling aims to explore three hydrocarbon reservoirs, with potential for rapid market access due to proximity to existing gas infrastructure. Successful drilling could enhance Xstate’s market position and operational capabilities in the region.
The most recent analyst rating on (AU:EXR) stock is a Buy with a A$0.19 price target. To see the full list of analyst forecasts on Elixir Energy Limited stock, see the AU:EXR Stock Forecast page.
More about Elixir Energy Limited
Xstate Resources Limited is an ASX-listed company specializing in the oil and gas sector, with a focus on its Diona project in Queensland, Australia. The company holds a 51% interest in ATP 2077, while Elixir Energy Limited retains full ownership of Blocks A and B. Xstate also has exploration assets in the Sacramento Basin, California.
Average Trading Volume: 2,838,956
Technical Sentiment Signal: Hold
Current Market Cap: A$68.58M
For detailed information about EXR stock, go to TipRanks’ Stock Analysis page.