Past year: ▲ 43%(4.20c – 15.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
18 Sept 2025agm notice● Neutral
Cover letter for the 2025 AGM notice: physical meeting in Perth on 22 October 2025, with the notice and annual report on the website. Also includes a standard note on electronic-document elections. Administrative 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.
28 Aug 2025annual report● Neutral
Annual report for the year to 30 June 2025, with Stuart Nicholls now on the board as Managing Director. It recaps the year's Santos and Xstate deals and the Mongolia exit, and flags the coming drilling campaign. Financial detail was not in the supplied text.
28 Aug 2025annual report● Neutral
Corporate governance statement accompanying the annual report, approved by the board on 20 August 2025. It describes board policies and notes departures from ASX recommendations. No new business information.
28 Aug 2025annual report● Neutral
Appendix 4G governance checklist lodged with the FY25 annual report, confirming the governance statement is current at 20 August 2025 and board-approved. Administrative only; no new business information.
21 July 2025quarterly activities report▲ Good
June quarter report: cash and net receivables of $10.4M, said to fund Phase 1 of the strategic plan. About 30% of recurring costs are being removed. A retention application over ATP 2044 is lodged, the R&D refund is $3.8M, and Diona-1 and Lorelle-3 drilling is expected to start in coming months.
19 May 2025director officer appointment● Neutral
Kingsley Rudeforth, formerly Strike Energy's drilling superintendent, is appointed to the new Chief Operating Officer role from 5 June 2025 on a $270,000 salary. He receives 15M performance rights and 2M options at 12c.
12 May 2025investor presentation● NeutralMajor
New CEO releases a three-phase 'fast follower' strategy for the Taroom Trough: secure tenure, prove reserves, then early production. It targets production and over 150 Bcf of 2P reserves by end-2027, progressing only when capital is available at acceptable cost.
5 May 2025other● Neutral
Routine cleansing notice for the 5 May issue of 3,342,871 shares and 7,671,441 listed options under the share purchase plan. The notice itself refers to it as the placement, which appears to be a labelling slip (inference). No new information.
2 May 2025asset acquisition disposition▼ BadMajor
The board will write off the Mongolian assets (A$34M carrying value at 31 December 2024) at 30 June 2025, citing its Taroom Trough focus and the farmout. At the farminee's request, Elixir granted a one-year option to buy its residual gas interests for US$10M.
1 May 2025capital raising announcement▼ BadMajor
The share purchase plan closed with only $117,000 of applications against up to $2M sought, taking the placement plus plan total to $7.1M. Cash plus receivables, including a $3.7M R&D refund, total $10.6M at end of April.
29 Apr 2025quarterly activities report● Neutral
March quarter report recaps the Santos farm-in, $7M placement, Diona farmout and Mongolian exit, and notes Stuart Nicholls started as CEO on 14 April. A final R&D refund of $3.7M is expected in 2H25. Mostly repeats known events.
23 Apr 2025agm notice▲ Good
Final poll results of the 23 April general meeting: all three resolutions passed, with 85.4% to 92.4% in favour. This clears the share purchase plan and ratifies the February placement shares and options.
23 Apr 2025agm notice▲ Good
Proxy votes for the 23 April general meeting show all three resolutions (purchase plan issue, placement shares and options ratification) with majority proxy support, 81.5% to 87.5% in favour. Text is partly a repeated meeting notice.
22 Apr 2025agm notice● Neutral
Notice that the 23 April general meeting will be live-streamed on Zoom. Virtual attendees cannot vote or ask questions. Administrative only.
15 Apr 2025admin correction● Neutral
Re-release of the plan extension notice correcting the stated total value of the offer from 3.05 cents to 3.5 cents. No other change.
15 Apr 2025capital raising announcement● Neutral
Elixir extended its share purchase plan (3.5c shares, one free 12c option per two shares) to close on 29 April 2025 and deferred the general meeting to 23 April. It tied the extension to new CEO Stuart Nicholls and a share price of about 3 cents.
14 Apr 2025director officer appointment● NeutralMajor
Neil Young retires as CEO and Managing Director after about six and a half years; Stuart Nicholls, former Strike Energy CEO, replaces him immediately. Young stays as adviser for at least 3 months. Nicholls says he will prioritise long-term tenure of the Taroom Trough permits.
7 Apr 2025farm in farm out agreement● Neutral
Xstate's side of the Diona deal: it pays Elixir a $250,000 non-refundable deposit, operates, and funds Diona-1 for 51%. The deal is subject to conditions precedent. It also targets ASX re-admission, per its announcement.
7 Apr 2025farm in farm out agreement▲ GoodMajor
Xstate Resources earns 51% of the Diona sub-block of ATP 2077 by fully funding the Diona-1 conventional gas well, expected in the third quarter of 2025. Elixir keeps 49% of Diona and 100% of sub-blocks A and B. This resolves the Diona farmout talks.
7 Apr 2025investor presentation● Neutral
Elixir presentation on the Diona farmout. Diona-1 is estimated at $2.65M gross, with 5.1 Bscfe gross unrisked mean prospective resource and a 55% chance of success. Repeats the farmout terms and notes this is one of two fully funded wells for Elixir in 2025.
21 Mar 2025agm notice● Neutral
Letter advising that the General Meeting will be held in person on 23 April 2025 in Adelaide, with the notice available online. Administrative only.
13 Mar 2025other● Neutral
Covering letter to shareholders on the purchase plan, repeating the prospectus terms (3.5c, closes 15 April). No new information.
6 Mar 2025capital raising announcement● Neutral
Prospectus for the shareholder purchase plan: up to 57.1M shares at 3.5c to raise up to $2.0M, with up to 28.6M free 12c options. Not underwritten and subject to shareholder approval. The 199.5M placement shares were issued 17 February.
What it means for a shareholder
57.1m new shares at A$0.035 to raise about A$2.0m. That's 3.9% dilution: every existing holder's slice gets 3.9% smaller. If you held A$1,000 of shares (28,571 at the issue price), your slice goes from 0.00205% to 0.00197% of the company. To keep it you'd need 1,168 more shares - about A$41 at the issue price.
Create a free account to see this worked out for your own holding.
