Past year: ▲ 43%(4.20c – 15.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2026drilling result▲ GoodMajor
Wireline logs confirm 148 m of net gas and condensate pay at Lorelle-3, including 28 m in the Dunk and 60 m of dry gas in the Lorelle sandstone, which management says beat expectations. The Dunk horizontal sidetrack starts next, aimed at a first reserve.
16 Feb 2026drilling result▲ Good
Lorelle-3 pilot reached 3,580 m. Gas shows were seen in all three target groups, and the Dunk sandstone is interpreted at about 60 m thick, with 18 m of core cut. These are preliminary readings, pending wireline logs.
9 Feb 2026joint venture update● Neutral
Partner Xstate reports Diona-1 cuttings show good porosity and a good cement bond, so all planned zones can be tested. Perforation begins this week, and stimulation is expected late March or early April 2026. Consistent with the March 2026 timing already flagged.
6 Feb 2026drilling progress report● Neutral
Lorelle-3 has drilled to 2,320 m, with the 13-3/8-inch casing set at 682 m and 9-5/8-inch casing now being run. Reservoir drilling and coring come next. A routine progress update with no new result.
27 Jan 2026drilling spud▲ GoodMajor
Drilling has started at Lorelle-3 after the rig was accepted on contract. The pilot hole targets 3,600 m, followed by a horizontal sidetrack of at least 1,000 m, together expected to take about 45 days. This is the well flagged as a key near-term catalyst.
12 Jan 2026drilling scheduled● Neutral
Rig mobilisation to Lorelle-3 has begun, with spud expected within about two weeks. Drilling and the horizontal sidetrack are expected to take 55 days, with fracture stimulation and a flow test planned before June 2026. This confirms the January start.
2 Jan 2026director officer appointment● Neutral
Omega's own announcement of its two Elixir board nominees, Stickland and Tarr, effective 1 January 2026. Notes tranche 1 ($13.9M) settled 2 December 2025 and tranche 2 ($2.68M) awaits a January shareholder meeting. Largely duplicates Elixir's announcement.
2 Jan 2026director officer appointment● Neutral
Omega's two nominee directors, Peter Stickland and Anthony Tarr, joined Elixir's board from 1 January 2026, as the placement terms allowed. A conflict and confidentiality protocol covers the joint venture. This resolves the open thread on Omega nominees.
24 Dec 2025regulatory community update▲ GoodMajor
ATP2044 was renewed and a Potential Commercial Area (PCA356) granted over 100% of the permit, securing retention for 15 years. PCA356 covers 1,058 km² and holds the 1,362 BCFe 2C resource from Daydream-2. This resolves the pending PCA thread and delivers Phase 1 of the plan.
17 Dec 2025material agreement▲ Good
Elixir signed a data-sharing agreement with QGC under which QGC acquires 3D seismic in 2026 over the north and west of ATP 2077 Block-A. In exchange Elixir will share future Daydream-3 well data. It helps de-risk that well site (184 BCFe 2C in Block-A).
26 Nov 2025investor presentation● Neutral
Company update on the Omega placement: 339.9M tranche 1 shares and 65.4M tranche 2 shares at 4.1c, giving about 1,825M shares. Omega gives a 12-month standstill. Lays out Phase 1 and 2 funding. Largely repeats the raising announcement.
25 Nov 2025capital raising announcement▲ GoodMajor
Omega Oil and Gas will take 19.43% of Elixir at 4.1c per share, investing up to $14.6M. Nero adds $2M, for about $16.6M total. Funds a Lorelle-3 horizontal sidetrack and Diona-1 testing; pro-forma cash is about $25M. Tranche 2 needs shareholder approval.
25 Nov 2025capital raising announcement● Neutral
Omega's side of the deal: it buys 19.43% of Elixir at 4.1c per share, $13.9M in an unconditional first tranche. It gains up to two board seats, participation rights and a technical committee. Duplicates Elixir's own announcement from the investor's perspective.
25 Nov 2025other● Neutral
Notice of a webinar on 26 November 2025, where CEO Stuart Nicholls will explain the Omega placement and take questions. Administrative only.
21 Nov 2025drilling scheduled▲ Good
Elixir signed the rig contract with Helmerich & Payne for the Shell-imported FlexRig 648 for Lorelle-3. Mobilisation starts 12 January 2026, with spud shortly after. Well pad construction is 30% complete. This firms up the previously planned January timing.
13 Nov 2025investor presentation● Neutral
Noosa Mining Conference presentation (Nov 2025) pitching the Taroom Trough and Elixir's ~2.8 TCF 2C position. Cites $9.2M cash at September, about $60M market cap and 1,409.6M shares in issue. Repeats known facts.
10 Nov 2025regulatory community update▲ GoodMajor
Lorelle-3 won its R&D Advance Finding, as expected before spud. Up to 48.5% of eligible drilling, testing and completion costs can be refunded over up to three financial years. Elixir plans new lending facilities to bring those refunds forward.
6 Nov 2025resource reserve update▲ GoodMajor
Sproule ERCE certified 189 BCFe of new 2C contingent gas resource (100% Elixir) in ATP 2077 Block-B. Elixir's Taroom Trough 2C total rises 8% to about 2.8 TCFe, excluding ATP 2057. Next steps are a retention application and an Inglestone-2 well.
4 Nov 2025other▲ Good
Elixir received its FY25 R&D tax refund of $3.861M, the refund the quarterly report expected. The company says it helps fund Lorelle-3 drilling and Diona-1 production testing.
3 Nov 2025director officer appointment● NeutralMajor
Justin Ferravant, formerly CFO of Strike Energy, replaces the retiring Vicky Allinson as CFO and Company Secretary. He receives 15M performance rights (vesting at 6c-18c VWAP) and 2M options at 12c expiring 31 December 2026.
29 Oct 2025farm in farm out completion▲ GoodMajor
Xstate has completed its Diona carry and the joint venture is formed, with Elixir (49%) resuming operatorship. Stimulation and flow testing is targeted this quarter. Lorelle-3 is confirmed for January 2026 using Shell-approved H&P FlexRig, to 3,600 m.
22 Oct 2025investor presentation● Neutral
AGM presentation recaps the year: new Taroom acreage and resources, the Santos and Xstate deals, $7.1M raised, Diona-1's 23 m of pay, and Lorelle-3 preparations. It also cites about 8 TCF for the broader play. Largely repeats known facts.
14 Oct 2025drilling result▲ GoodMajor
Diona-1 logged 23 m of net gas pay (average porosity 10%) across the Permian formations, and will be completed for flow testing. Elixir's CEO calls it an indicated discovery, still to be confirmed by production testing. Lower Wallabella upside is unconfirmed.
8 Oct 2025drilling result● NeutralMajor
Diona-1 reached 2,479 m. The main Showgrounds target was well developed but held no hydrocarbons, though the Permian section showed a 181 m gas-prone sequence, with a kick. Wireline logging is still to come before final results.
2 Oct 2025drilling progress report● Neutral
Xstate reports Diona-1 at about 1,130 m and on schedule, with its 51% of ATP 2077 now registered on title (29 September). Showgrounds expected around 3 October. Well cost estimated at $2.7M; chance of success 55%.
29 Sept 2025drilling spud▲ GoodMajor
Diona-1 has spud and is casing the top hole at 549 m. Elixir (49%) is fully carried by Xstate (51%). Success would help move its 100%-owned Taroom sub-blocks A and B into retention, a Phase 1 goal.
25 Sept 2025drilling progress report● Neutral
Xstate says the Diona-1 rig arrived 22 September and spud is set for 17:00 on 26 September. Target is the Showgrounds at 2,300 m, with total depth planned at 2,600 m. Pre-spud timetable only.
16 Sept 2025drilling progress report● Neutral
Xstate reports the Diona-1 well pad, cellar and conductor are finished, with the rig due around 22 September. Preparatory progress on the well Xstate funds; no result yet.
15 Sept 2025drilling scheduled▲ Good
Xstate, operator and 51% holder, signed a rig contract with Easternwell (Ventia) for Diona-1, with rig mobilising 21 September and spud expected around 26 September. This is the Diona farmout well that Elixir (49%) is carried through.
10 Sept 2025investor presentation● Neutral
September 2025 conference presentation pitching Elixir as the largest Taroom Trough acreage holder (>2,000 km2, 2.6 TCFe of 2C contingent gas), with Lorelle-3 sited near Shell's Dunk-1. Repeats the known strategy and resource figures.
