Past year: ▲ 43%(4.20c – 15.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
2 Sept 2026contract award▲ Good
APA finished pipeline feasibility for the 'Warkon Pilot' to Wallumbilla (52-53 km routes; preliminary tariff $0.35-$1.32/GJ at 150-40 TJ/d). Simpliphi was appointed for upstream plant concept work, due this quarter. Completes the April APA early works; second Lorelle-3H test starts 1 October.
28 Aug 2026other● Neutral
Appendix 4G governance checklist accompanying the annual report. Administrative filing with no substantive new information.
28 Aug 2026annual report● Neutral
FY2026 annual report lodged; the chair says the market's initial negative reaction to the first Lorelle-3H flows was unjustified. Board lists six directors including Ayten Saridas. Text is truncated, so financials are not available here.
28 Aug 2026other● Neutral
Corporate governance statement for FY2026, approved 28 August 2026, accompanying the annual report. Administrative, with no new operational or financial information.
24 Aug 2026material agreement▲ Good
Elixir signed a second data-sharing deal with QGC (Shell) for 54 km² of 3D seismic around Lorelle-3H plus exchange of well data. QGC also finished seismic over ATP2077-A under the earlier deal. Second-phase Lorelle-3H testing follows a soak starting in October.
19 Aug 2026director officer appointment● Neutral
Omega Oil and Gas nominee director Peter Stickland resigned, and Omega renominated Ayten Saridas, a former Santos and AWE executive, effective 20 August 2026. This is a swap of Omega's board nominee under its Share Acquisition Agreement rights.
12 Aug 2026capital raising announcement● NeutralMajor
Elixir raised $5M via a placement of 125M shares at $0.04, a 20% discount to the $0.05 close. Funds go to the Lorelle-3H soak and retest, Diona-1 artificial lift (subject to JV approval) and a newly launched strategic review of options including farm-outs.
What it means for a shareholder
125m new shares at A$0.040 to raise about A$5.0m. That's 6.3% dilution: every existing holder's slice gets 6.3% smaller. If you held A$1,000 of shares (25,000 at the issue price), your slice goes from 0.00134% to 0.00125% of the company. To keep it you'd need 1,672 more shares - about A$67 at the issue price.
Create a free account to see this worked out for your own holding.
3 Aug 2026flow test result▲ GoodMajor
Lorelle-3H's first test phase hit a peak 10.4 mmscfd gas plus 10 bbl/d condensate from ~1,000 m of reservoir, while still producing 800 bbl/d of fluid. Gas needs no processing; the most stable 12-hour period averaged 2.35 mmscfd. A 60-day soak precedes a second test phase. Resolves the earlier 'no gas rate' question.
3 Aug 2026other● Neutral
Notice of a rescheduled CEO webinar on 4 August presenting the Lorelle-3H initial flow results. No new operational or financial information.
31 July 2026quarterly activities report● Neutral
June quarter: Lorelle-3H was stimulated and cleaned up (peak 3 mmscfd), and the APA early works agreement was signed. Liquidity fell to $11.1M from $22.3M after the 2026 program was completed; ~215M 12c options expire October 2026. Diona-1 testing remains paused for artificial lift.
15 July 2026flow test result▲ Good
Lorelle-3H finished its initial clean-up, recovering ~32% of stimulation fluid, with gas up to ~3 mmscfd and fluid up to 1,700 bbl/d. Surging means the well is shut in to run tubing (up to 7 days); gas has under 1% CO2 and no H2S.
6 July 2026flow test result▲ Good
Lorelle-3H reached sustained gas breakthrough on 4 July at 6,300 psi bottom hole pressure, after 5 days of cleanup, with gas rates and wellhead pressure rising as fluid declines. The 30-day production test runs through July; no gas rate has been stated yet.
26 June 2026drilling progress report▲ Good
The 12-stage frac of Lorelle-3H was completed as designed, with 100% of proppant placed in the target Dunk Sandstone. Stage plugs are being milled out, then flowback and the 30-day production test follow. Flow rates are not yet known.
15 June 2026drilling progress report▲ Good
The Lorelle-3H diagnostic test measured reservoir pressure of about 6,350 psi and a closure pressure of 8,759 psi, which management says is better than expected for keeping fractures in the Dunk Sandstone. Stimulation stages rise to 12, with frac starting around the end of the week.
4 June 2026drilling progress report● Neutral
Lorelle-3H testing starts with a diagnostic injection test on 4 June. Elixir has designed a 6 million pound, 11-stage frac for mid-June, then a 30-day production test from late June, with an IP30 curve due end July 2026. This slightly delays the earlier 'early June' stimulation timing.
26 May 2026flow test result● Neutral
Diona-1 testing is paused so artificial lift can be installed. About 46% of injected fluid has been recovered, short of the 50-60% target, though gas continues at near-zero impurities. Sproule ERCE has been briefed to book a Contingent Resource for the 375 km² sub-block, so flow rates remain unproven.
21 May 2026investor presentation● Neutral
Conference presentation comparing the Taroom Trough to Canada's Montney play, noting about 10 wells planned in the Taroom in 2026 and that Lorelle-3H flow test is key. Repeats known facts; no new announcement of substance.
18 May 2026drilling result▲ GoodMajor
Elixir declares Diona-1 a discovery, saying it proved recoverable, overpressured, low-impurity gas and condensate. This adds a net 184 km² (45k acres), taking Taroom Trough acreage to 548k net acres. The well has recovered only 45% of injected fluid and may need artificial lift; a Contingent Resource booking will be pursued.
11 May 2026flow test result▲ Good
Diona-1 was opened on 10 May and is flowing gas, condensate and stimulation fluids at a flowing tubing head pressure of 735 psig on a 20/64th choke. It is still in clean-up, so no measured flow rates are available yet.
4 May 2026drilling progress report▲ Good
All target zones at Diona-1 have been stimulated, and gas was seen in the returning fluids during flowback, which management calls a good sign. Milling and completion work is under way, with flow testing to follow.
28 Apr 2026drilling progress report● Neutral
Stimulation equipment has arrived at Diona-1 and rigging up has begun for the three-zone fracture stimulation, then completion and flow testing, expected to start in about a week. This continues the earlier March plan; Elixir holds 49% and operates.
24 Apr 2026resource reserve update▲ GoodMajor
Sproule ERCE certified 662 BCFe of new net 2C contingent resource in ATP 2057 (50% Elixir), lifting total 2C resources 24% to 3,455 BCFe (~3.5 TCFe). This follows the Teelba seismic. Santos, as operator, is to lodge a retention (PCA) application next.
23 Apr 2026quarterly activities report▲ Good
March quarter: Lorelle-3/3H and Teelba seismic completed on schedule and budget, and the Endpoints debt facility of up to $10M was put in place. Liquidity was $22.3M, described as fully funding the remaining 2026 program. Lorelle-3H stimulation is set for early June; Diona-1 flow test is also upcoming.
10 Apr 2026material agreement▲ GoodMajor
Elixir signed an Early Works Agreement with APA Group to study a pipeline route from a notional 40 TJ/d Lorelle pilot project to the Wallumbilla Gas Hub, with results in about 12 weeks. It feeds a possible reserves booking after the June flow test. Adoption needs Santos JV agreement.
30 Mar 2026drilling result▲ Good
The Teelba 2D seismic survey finished on time and on budget, acquiring 225 km in ATP 2057. Data is being used with Sproule ERCE to define a possible first 2C resource there. Processing takes about 6 weeks, after which Santos farm-in commitments will be met.
17 Mar 2026investor presentation● Neutral
Conference presentation repeating known facts: Lorelle-3H results, roughly 2.8 TCFe of 2C resources, and planned Lorelle-3H (~11-stage frac, 30-day test in Q2) and Diona-1 (14-day test in April) operations. It states the Lorelle-3/3H drilling cost was $15.7M. No new announcement of substance.
16 Mar 2026drilling result▲ GoodMajor
Lorelle-3H reached 4,477 m with a 1,157 m lateral, the longest in the Taroom Trough, and measured 1,033 m of net gas-condensate pay at 11.2% average porosity. Management says this far exceeds the pilot hole. The well is suspended for a 30-day production test in Q2 2026.
6 Mar 2026drilling progress report● Neutral
Mobilisation has begun for the 200 km Teelba 2D seismic survey in ATP 2057, expected to take about 3 weeks. After processing, Elixir will have met its work commitments under the February 2025 Santos farm-in. ATP 2057 has no booked resource yet.
5 Mar 2026joint venture update▲ Good
Contracting for Diona-1 stimulation, completion and testing is finalised. Operations start in March, with a 14-day flow test in April 2026. The 3-stage stimulation targets the 23 m of net gas pay. This confirms the timing flagged earlier; the pipeline is under 100 m from the pad.
2 Mar 2026drilling progress report▲ Good
Lorelle-3H has been drilled and cased at the heel in the Dunk Sandstone at 3,319 m, after passing through the overlying coal. The horizontal section, planned at 1,000 m or more, is about to start. Fracture stimulation and flow test remain planned before end-June 2026.
