$EXR Elixir Energy Managing Director & CEO Stuart Nicholls spoke with Kapitalist about our $205 million farmout agreement with Beach Energy and next steps at Taroom Trough.
Watch the interview below.
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Multiple offers, one partner.
Elixir Energy (ASX: EXR) MD Stuart Nicholls explains the $205m Beach Energy farmout that funds four years of Taroom Trough drilling in Queensland, and what it means for turning the company’s large gas resource into reserves.
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$EXR Elixir Energy: We received an AusIndustry R&D refund of $12.1 million. Coil tubing has mobilised to site to clear the Lorelle-3H obstruction and recommence flowing.
Watch our slideshow presentation for the full update.
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$EXR Elixir Energy recorded a 79% improvement in equivalent 12 hour flows at Lorelle-3H, averaging 4.3 mmscfde after a 60 day soak. A downhole obstruction has impaired pressure communication, with coiled tubing mobilised to clear it.
@ElixirEnergyASX#ASX#EXR#NaturalGas #TaroomTrough
$EXR Elixir Energy Managing Director and Chief Executive Officer Stuart Nicholls comments on the strategic portfolio farmout to Beach Energy.
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$EXR Elixir Energy Managing Director & CEO Stuart Nicholls discusses our $205M farmout to $BPT Beach Energy, comprising $25M cash and a $180M gross carried appraisal program over 4 years.
Watch here: https://t.co/ulOWziXxQb
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$EXR Elixir Energy Managing Director & CEO Stuart Nicholls comments on our $205 million $BPT Beach Energy farmout, providing a 4 year funding pathway and supporting appraisal activities across the Taroom Trough.
#ASX#EXR#NaturalGas
Beach has entered a binding farm-in agreement with @ElixirEnergyASX for its core Taroom Trough acreage in Queensland, adding interests in 1,000+ km² and operatorship of key permits.
ASX announcement: https://t.co/85SuGHdwa7
$EXR Elixir Energy has executed a $205 million strategic farmout with $BPT Beach Energy across its Taroom Trough permits, comprising $25 million cash and a $180 million gross carried exploration, appraisal and operating programme.
@ElixirEnergyASX#ASX#Energy#BeachEnergy #NaturalGas
$EXR Elixir Energy Managing Director & CEO Stuart Nicholls discusses our Taroom Trough projects at RIU's Good Oil & Gas Energy Conference.
Watch the @KapitaListAU interview.
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"Queensland's next wave of oil, gas & LNG"
$EXR Elixir Energy joined KapitaList at the recent RIU Good OIl & Gas Energy Conference to discuss their large holding in the Taroom Trough, an area including majors such as Shell & Santos.
@ElixirEnergyASX
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$EXR Elixir Energy reports that APA has completed feasibility work for Warkon Pilot infrastructure to the Wallumbilla Gas Hub. Preliminary capacity charges were estimated at $0.35/GJ at 150 TJ/d and $1.32/GJ at 40 TJ/d.
View the ASX announcement: https://t.co/kzABMLmzEb
@ElixirEnergyASX
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$EXR Elixir Energy MD & CEO Stuart Nicholls said the Warkon Pilot program is about defining our pathway from appraisal to commercial production, with studies and engineering progressing across capital requirements, infrastructure options and development timelines.
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$EXR Elixir Energy has progressed Warkon Pilot studies, with APA identifying the best economics through a direct pipeline to the Wallumbilla Gas Hub.
@ElixirEnergyASX#ASX#Energy#Gas#Queensland
https://t.co/Rq1wqKqSO1