EXR

Elixir is in hard exclusivity with Beach Energy through 1 October on a potential farm-in to its ~3.5 TCF Taroom Trough portfolio—a strategically positioned but unproven gas play. The stock has already priced in speculation (up 73% in 20d, RSI 88), so deal announcement risk is two-sided: confirmation of terms would validate the run-up, but failure to close would unwind it sharply given the thin cash position.

Elixir has secured APA's feasibility validation on a direct pipeline route to the Wallumbilla Gas Hub and engaged Simpliphi for upstream plant concept design, de-risking the engineering pathway for its Taroom Trough pilot. The announcement confirms proximity advantage and low-cost infrastructure access but remains pre-production, with reserve bookings dependent on Q4 flow-test results from Lorelle-3H.

Elixir has secured high-resolution 3D seismic data and well information from Shell's QGC subsidiary over its Lorelle appraisal wells, de-risking reserve booking ahead of flow-test results and soaking period in Q4 2026. This is a low-cost, data-sharing arrangement that improves subsurface mapping and supports materialization of the company's 3.5 TCF contingent resource base.