Elixir Energy Limited

Equities

EXR

AU000000EXR1

Oil & Gas Exploration and Production

Market Closed - Australian S.E. Other stock markets 22:05:53 23/05/2024 BST			5-day change	1st Jan Change
0.11 ^AUD	0.00%		0.00%	+32.53%

04-19	Elixir Energy's Daydream-2 Stimulation Program Gets Underway	MT
04-05	Elixir Energy Discovers Strong Gas Flow at Grandis Project in Queensland; Shares Surge 30%	MT

Elixir Energy banks up to $10.5 million to fund Daydream-2 and Nomgon

August 29, 2023 at 04:41 pm

(via NewsDirect)

Elixir Energy Ltd (ASX:EXR) MD Neil Young speaks with Proactive following the news the company has raised $7 million from institutional and sophisticated investors in a placement. Existing shareholders will be invited to participate in a share purchase plan on the same terms to raise an additional $3.5 million. The cash injection means Elixir Energy’s Grandis and Nomgon projects are now fully funded through the Daydream-2 drilling and Nomgon pilot programs.

Young, said: “We are very pleased to procure this financial backing from existing and new shareholders to support our projects in Australia and Mongolia – in particular the imminent drilling of the high impact Daydream-2 well. The SPP element of the capital raising is designed to provide all shareholders with the opportunity to support the Company on the same terms as for the Placement participants. We look forward to keeping all of our shareholders well informed as we approach the spud date for Daydream-2, which we view as a pivotal catalyst in the Company’s growth plans”.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Elixir Energy Limited

Elixir Energy's Daydream-2 Stimulation Program Gets Underway	04-19	MT
Elixir Energy Discovers Strong Gas Flow at Grandis Project in Queensland; Shares Surge 30%	04-05	MT
Elixir Energy Prepares for Integrity Tests at Grandis Project; Continues Depressurization Process at Nomgon Project	03-15	MT
Elixir Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2023	02-23	CI
Elixir Energy Jumps 8% After Finding Prospective Gas Source at Daydream-2 in Queensland	02-21	MT
Elixir Energy Identifies Prospective Zone at Daydream-2 Well	01-18	MT
Elixir Energy Advances Queensland Gas Project to Stimulation, Testing Phase	12-20	MT
Elixir Energy Validates Gas at Daydream-2 Well	12-14	MT
Elixir Energy to Raise AU$6.5 Million from Share Placement	12-13	MT
Elixir Energy Intersects Gas Zone at Daydream-2 Well	12-08	MT
Elixir Energy Advances Drilling at Daydream-2 Well	11-23	MT
Elixir Energy Advances Drilling at Daydream-2 Well	11-16	MT
Elixir Energy Spuds Daydream-2 Well	11-10	MT
Elixir Energy to Start Drilling at Daydream-2 Well	11-02	MT
Elixir Energy Raises AU$1.7 Million for Grandis, Nomgon Projects	10/10/23	MT
Elixir Energy Expects to Receive R&D Tax Rebate	03/10/23	MT
Elixir Energy Advances Preparatory Activities for Upcoming Daydream-2 Well Drill Program	21/09/23	MT
Elixir Energy Limited(ASX:EXR) dropped from S&P/ASX Emerging Companies Index	18/09/23	CI
Elixir Energy Discovers Gas Resources at Nomgom IX Project in Mongolia; Shares Rise 5%	07/09/23	MT
Elixir Energy Advances Operations at Nomgon IX Area in Mongolia	18/08/23	MT
Elixir Energy to Spud Daydream-2 Appraisal Well at Queensland’s Grandis Gas Project	16/08/23	MT
Elixir Energy Limited Reports Earnings Results for the Full Year Ended June 30, 2023	16/08/23	CI
Elixir Energy Encounters Gaseous Coal at Nomgom IX Area	17/07/23	MT
Elixir Energy Limited announced that it has received AUD 9.6 million in funding	29/06/23	CI
Elixir Energy Spuds Bluebill-1S Well in Mongolia	13/06/23	MT

Chart Elixir Energy Limited

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Company Profile

Elixir Energy Limited is an Australia-based gas exploration and development company. The Company is focused on primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM) in Queensland, Australia and the South Gobi, Mongolia. It is also developing Gobi H2 green hydrogen project and solar project in Mongolia. The Company holds 100% of a Queensland exploration permit ATP 2044, named Grandis Gas Project, located in the Taroom Trough of the Bowen Basin, Queensland. Its Grandis Gas Project covers an area of 1,000 square kilometers (km2) located close to existing gas transmission infrastructure centered on the Wallumbilla gas hub. he Nomgon IX CBM PSC (Nomgon Project) is located on the Mongolian Chinese border, around 400 kilometers (km) North of Chinaâs main gas transmission grid. The Nomgon Project license area covers 30,000 km2 (seven million acres). Its subsidiaries include Golden Horde Pty Ltd, GOH LLC, GOH Clean Energy LLC.

Sector

Oil & Gas Exploration and Production

Calendar

12/08/2024 - Q4 2024 Earnings Release (Projected)

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