6 Mar 2025admin correction● Neutral
Registered office and principal place of business changed to Level 1, 60 Hindmarsh Square, Adelaide. Administrative only.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2025capital raising announcement● Neutral
Timetable for the $2M shareholder purchase plan at 3.5c, with one free 12c option per two shares and a $30,000 cap per holder. It closes 15 April, subject to approval at a 23 April meeting. This follows the 11 February placement.
21 Feb 2025farm in farm out agreement▲ GoodMajor
Elixir farmed out its Mongolian gas (Nomgon) and solar/wind assets to Gobi Terra (UK), which earns 51% and fully carries Elixir to final investment decisions. Put/call exit options are capped at US$30M for gas; management cites possible payments of A$56M in total. This resolves the Mongolian farm-out talks.
19 Feb 2025half year report▼ Bad
Half-year to 31 December 2024: net loss of $1.80M (vs $0.40M) and cash of $2.69M, down from $7.67M at June 2024. Nomgon coals have not yet reached critical desorption pressure; Mongolian farm-out talks were still open.
13 Feb 2025admin correction● Neutral
Relodgement of the webinar invitation to correct the date to Monday 17 February 2025. No other change and no new information.
13 Feb 2025other● Neutral
Invitation to an investor webinar on the Taroom Trough expansion. The date was wrongly stated and corrected in a relodgement. No new results.
11 Feb 2025investor presentation● Neutral
Presentation on the Santos farmin and ATP 2056 contingent resource, repeating the announcement's figures. Adds that Lorelle-3 targets the Dunk Sand and that the deal is said to acquire gas at under $0.01c per Mcf, per the company.
11 Feb 2025other● NeutralMajor
ASX suspended Elixir shares at the company's request, pending an announcement about expanding its Taroom Trough position. Follows the 7 February trading halt.
11 Feb 2025other● Neutral
ASX notice that the suspension of Elixir shares will be lifted immediately after the Taroom Trough expansion and fund raise announcement is released. Administrative only, with no new information.
11 Feb 2025farm in farm out agreement▲ GoodMajor
Elixir signed farmin deals with Santos to earn 50% of ATP 2056 and ATP 2057 in the Taroom Trough, booking 1.2 TCFE of contingent gas (total Grandis 2C now 3.0 TCFE). It raises up to $9M: $7M placement at 3.5c plus up to $2M shareholder offer, to fund the Lorelle-3 well.
11 Feb 2025other● Neutral
Elixir's request for voluntary suspension from 11 February, ahead of an announcement on expanding its Taroom Trough position and a fund raise. A raising is signalled but no size or price is given yet.
31 Jan 2025quarterly activities report● Neutral
December quarter report: Daydream-2 concluded, retention licence application under way and next appraisal well planning. Farmout talks for Taroom and Diona remain unclosed. Recaps the AGIG MOU and 712 Bcf booking; mainly commentary on gas market outlook.
22 Jan 2025admin correction● Neutral
Re-release of the 15 January coal resource booking, adding appendix wording that it is premature to identify what is needed to convert resources to reserves. It also notes farmout talks with larger partners are advancing. Resource numbers unchanged.
15 Jan 2025resource reserve update▲ GoodMajor
ERCE certified a maiden deep dry coal contingent resource of 245 Bcf (2C) in ATP 2044 and 2077 Sub-block A, lifting total Grandis 2C to 1,715 Bcf (+17%). This follows the Daydream-2 coal flows and converts part of the earlier prospective coal estimate.
14 Nov 2024investor presentation● Neutral
Noosa conference slides on east coast gas shortage and Taroom Trough activity. Shows A$68M market cap at 6c, A$10M cash, 1,196M shares. No new operational results.
11 Nov 2024debt financing▲ Good
Received an A$7.9M R&D tax refund for FY2024 Daydream-2 spending, and repaid in full the short-term loan secured against it. Another refund is expected next year for current-year spending.
4 Nov 2024resource reserve update▲ GoodMajor
Elixir booked 712 Bcf (2U, unrisked) of prospective gas in ATP 2077 Sub-Block B, 100% owned. Farmout talks are under way for Sub-Block C (Diona) to fund an exploration well, and updated ATP 2044 contingent resources are expected before year end.
31 Oct 2024quarterly activities report● Neutral
September quarter report recapping Daydream-2 flows, the ATP 2077 award and the AGIG MOU. Cash is A$10M including R&D at quarter end. Nomgon continues steady water production. Largely repeats known events.
21 Oct 2024material agreement▲ GoodMajor
Non-binding MOU with Australian Gas Infrastructure Group to investigate a pipeline to Wallumbilla, processing, compression and storage for possible Grandis gas. Only a framework, with no commitment or funding; an early step toward getting gas to market.
17 Oct 2024investor presentation● Neutral
PESA presentation on the Taroom Trough's advantages: proximity to the Wallumbilla hub, appeal to large capital sources and low emissions. Repeats known themes; the visible text shows no new results.
11 Oct 2024other● Neutral
Invitation to a free investor webinar on 17 October 2024 where the Managing Director and Chief Geoscientist will update shareholders on the concluded Daydream-2 program. No new results.
9 Oct 2024admin correction● Neutral
Re-release of the 8 October Daydream-2 conclusion announcement, adding Appendices 1-3 and a competent person statement. Results are unchanged: five of six zones flowed, stabilised rate 1.0 MMscfd, ATP 2044 retention lease to be sought.
8 Oct 2024drilling result● NeutralMajor
Daydream-2 testing concluded: five of six zones flowed, including two deep coals. Peak rate was 2.6 MMscfd but stabilised rate fell to 1.0 MMscfd, versus 2.1-2.5 in August, which Elixir attributes to condensate or water banking (its explanation). Well retained; ATP 2044 retention lease sought; Daydream-3 planning continues.
30 Sept 2024drilling progress report● Neutral
The coil tubing unit is back at Daydream-2 to clear fluid and proppant from the bottom of the hole. Final-phase flow testing is expected later in the week, resuming the delay flagged on 4 September.
19 Sept 2024other● Neutral
Chairman's AGM address on the east coast gas shortage and Grandis focus. It describes Daydream-2 as still to be spudded and the Nomgon extra well, which appears out of date or erroneous; it was replaced by a corrected version.
19 Sept 2024agm notice● Neutral
AGM results: all ten resolutions passed on a poll, including the remuneration report (about 93% for) and re-election of Stephen Kelemen (about 99% for). It also covers the 2,000,000 performance rights to Neil Young (about 95% for). Routine.
19 Sept 2024agm notice● Neutral
Zoom live-stream link for the 19 September AGM. Virtual attendees cannot vote or ask questions. Administrative.
19 Sept 2024investor presentation● Neutral
AGM presentation largely repeating the 18 September investor slides on gas market context, the board and capital structure (1,196M shares, A$10M cash). Proxy results are included. No new operational results.
19 Sept 2024admin correction● Neutral
Corrected Chairman's AGM address fixing typos and removing the outdated Nomgon and Daydream-2 spud paragraphs. It says final production testing of Daydream-2 is soon to start and praises the Grandis results. No new facts.
18 Sept 2024investor presentation● Neutral
Investor presentation on the east coast gas shortage and Taroom Trough advantages, repeating the 2.5 MMcfd breakeven rate and the 16 August result. Capital structure now 1,196M shares, A$180M market cap at 15c, A$10M cash. No new results.