Elixir Energy Limited

Equities

EXR

AU000000EXR1

Oil & Gas Exploration and Production

Market Closed - Australian S.E. Other stock markets 07:34:41 05/06/2024 am IST			5-day change	1st Jan Change
0.1075 ^AUD	-2.27%		-6.52%	+29.52%

27/05	Elixir Energy Posts 328% Contingent Resource Increase; Shares Rise 5%	MT
19/04	Elixir Energy's Daydream-2 Stimulation Program Gets Underway	MT

Elixir Energy welcomes non-dilutive funding ahead of Daydeam-2 spud

October 04, 2023 at 10:11 pm IST

(via NewsDirect)

Elixir Energy Ltd (ASX:EXR) MD Neil Young speaks with Proactive after announcing the company is set to receive a research and development (R&D) rebate of $400,000 for FY23. The rebate comes after the company received an advanced finding from the Australian Government’s Department of Industry, Science and Resources that activities associated with its Daydream-2 well will qualify as eligible R&D activities for the purpose of the R&D tax incentive. The rebate is 48.5% of the qualifying expenditure for the project and is due to be received shortly.

“The R&D rebate for Daydream-2 of around half of the total costs of the well is a very attractive form of non-dilutive funding for Elixir,” Young said.

“We are pleased to work with Radium Capital to provide us with a very simple and effective debt facility to optimally manage our cash-flows in 2024.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Elixir Energy Limited

Elixir Energy Posts 328% Contingent Resource Increase; Shares Rise 5%	27/05	MT
Elixir Energy's Daydream-2 Stimulation Program Gets Underway	19/04	MT
Elixir Energy Discovers Strong Gas Flow at Grandis Project in Queensland; Shares Surge 30%	05/04	MT
Elixir Energy Prepares for Integrity Tests at Grandis Project; Continues Depressurization Process at Nomgon Project	15/03	MT
Elixir Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2023	23/02	CI
Elixir Energy Jumps 8% After Finding Prospective Gas Source at Daydream-2 in Queensland	21/02	MT
Elixir Energy Identifies Prospective Zone at Daydream-2 Well	18/01	MT
Elixir Energy Advances Queensland Gas Project to Stimulation, Testing Phase	20/12	MT
Elixir Energy Validates Gas at Daydream-2 Well	14/12	MT
Elixir Energy to Raise AU$6.5 Million from Share Placement	13/12	MT
Elixir Energy Intersects Gas Zone at Daydream-2 Well	08/12	MT
Elixir Energy Advances Drilling at Daydream-2 Well	23/11	MT
Elixir Energy Advances Drilling at Daydream-2 Well	16/11	MT
Elixir Energy Spuds Daydream-2 Well	10/11	MT
Elixir Energy to Start Drilling at Daydream-2 Well	02/11	MT
Elixir Energy Raises AU$1.7 Million for Grandis, Nomgon Projects	10/23/10	MT
Elixir Energy Expects to Receive R&D Tax Rebate	03/23/03	MT
Elixir Energy Advances Preparatory Activities for Upcoming Daydream-2 Well Drill Program	21/23/21	MT
Elixir Energy Limited(ASX:EXR) dropped from S&P/ASX Emerging Companies Index	18/23/18	CI
Elixir Energy Discovers Gas Resources at Nomgom IX Project in Mongolia; Shares Rise 5%	07/23/07	MT
Elixir Energy Advances Operations at Nomgon IX Area in Mongolia	18/23/18	MT
Elixir Energy to Spud Daydream-2 Appraisal Well at Queensland’s Grandis Gas Project	16/23/16	MT
Elixir Energy Limited Reports Earnings Results for the Full Year Ended June 30, 2023	16/23/16	CI
Elixir Energy Encounters Gaseous Coal at Nomgom IX Area	17/23/17	MT
Elixir Energy Limited announced that it has received AUD 9.6 million in funding	30/23/30	CI

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

13/08/2024 - Q4 2024 Earnings Release (Projected)

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