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Elixir Energy Limited ( (AU:EXR) ) has provided an announcement.
Xstate Resources Limited has signed a drilling contract with Easternwell Group Operations to drill the Diona-1 well in the Surat-Bowen Basin, Queensland. The drilling is scheduled to commence in late September 2025, with the potential for rapid market access due to the proximity of the Waggamba pipeline. This development marks a significant step in Xstate’s operations, potentially enhancing its market position within the conventional gas sector.
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 (ASX:XST) is an ASX-listed company operating in the oil and gas sector, with a primary 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 possesses exploration assets in the Sacramento Basin, California.
Average Trading Volume: 2,685,078
Technical Sentiment Signal: Hold
Current Market Cap: A$61.58M
See more insights into EXR stock on TipRanks’ Stock Analysis page.