Elixir Energy Limited · ASX:EXR
Elixir Energy — Corporate Update (February 2025)
16 slides from Elixir Energy's corporate update, Feb 11, 2025
Slide 1: Expanding in the Taroom Trough
Expanding in the Taroom Trough 11 February 2025 ASX:EXR
Slide 2: Gas - Macro Overview
Gas - Macro Overview 1. 2. 3. The energy transition LNG demand forecast East Coast Australia is very hard to rise gas supply crisis • Gas is not optional – • Global LNG demand to • Gas shortfalls now imminent demand will in fact grow grow • Current prices of >A$14/GJ • Now recognised by • Australian
Slide 3: The Taroom Trough & Australia's Gas Needs
The Taroom Trough & Australia’s Gas Needs The Taroom Trough is Exceptionally Well Placed to Meet Eastern Australia’s Gas Challenges • Multi-Tcf potential near existing infrastructure in a market short of gas – no other equivalents • Value being unlocked by US tight play technologies • Current multi-
Slide 4: Santos Farmin Deal
Santos Farmin Deal Elixir expands its Taroom footprint with a farmin deal with Santos Deal establishes two 50/50 joint ventures with Santos ATP 2056 Elixir to operate and drill a vertical appraisal well in ATP 2056 at its cost (and Elixir will also carry Santos Lorelle-3 preliminary location through
Slide 5: Material Increase in Contingent Resources
Material Increase in Contingent Resources Farmin deal with Santos provides Elixir with material additional discovered gas resources – recently independently certified by ERCE 1 Total Contingent Resource Project Grandis Total Gas Equivalent Gas Contingent Resource Condensate Contingent Resource Conti
Slide 6: ATP 2056 and ATP 2057
ATP 2056 and ATP 2057 Excellent synergies with ATPs 2044 & 2077 - a strategic addition to the Grandis Project ATP 2056 – Shell Appraising updip production BCG and testing from Hz sweetspots wells ATP 2044 – Appraising BCG & Lorelle sweetspot DD2 successful flows of gas ATP 2057 – from multiple Prosp
Slide 7: Lorelle-3 Appraisal Well in ATP 2056
Lorelle-3 Appraisal Well in ATP 2056 Accessing the BCG play in the Taroom some 900 metres shallower than Daydream-2 • Appraising the BCG play in an updip position • The well will also target the Dunk Sand, which is clearly mapped into the block • The Dunk Sand was the target of QGC’s (Shell’s) 3 hor
Slide 8: Fundamental Objectives of Lorelle-3 Appraisal Well
Fundamental Objectives of Lorelle-3 Appraisal Well 1. 2. 3. 4. Earn 50% Equity in Access Shallower Closer Proximity Data Gathering New Licences BCG Play to Wallumbilla for Horizontal Gas Hub Targets Vertical well in Dunk Sand 2025 and 2D immediately to Lower gathering Initial plan is for seismic in
Slide 9: Strong Contingent Resource Growth
Strong Contingent Resource Growth BCFE 2C ACQUISITION RECOGNITION OF 50% OF ACQUISITION OF DEEP DRY ATP 2056 DAYDREAM 2 OF ATP 2077 COALS MAIDEN CERTIFICATION RESULTS OF ATP 2044 Contingent Resource Bookings improve the certainty of the resource, allow for the conversions of Authority To Prospect (A
Slide 10: Diona-1 Conventional Well
Diona-1 Conventional Well Well due to be drilled in mid 2025 – Elixir expects to be fully carried by a new partner • 4-way dip closure mapped and ready for drilling Diona Prospect • Prospect sits beneath ATP Waggamba to Wallumbilla 2077 gas pipeline • Advanced farmout negotiations underway • Planned
Slide 11: 2025 Multi-well Program Being Assembled
2025 Multi-well Program Being Assembled Another year of significant activity in the Taroom Trough – by Elixir and neighbouring Operators Well timings subject to Diona-1 Govt approvals, rig ATP 2077 & 2044 Farmout Negotiations – Elixir to availability and long lead be fully Lorelle-3 items carried by
Slide 12: Summary
Summary The World needs more gas for The East Coast has very The Taroom Trough has longer – LNG markets expected strong pricing, an multiple locational advantages to grow for decades imminent supply gap & to serve these markets LNG plant ullage The Taroom is currently The massive Taroom Santos deal
Slide 13: Appendix – Contingent Resources
Appendix 1 – Contingent Resources 1. The evaluation date of the ERCE Contingent Resources is 07/02/25. 2. Elixir’s working interest share of ATP 2056 is 50%. An ATP is an Authority To Prospect, and post a regulatory updating process, the assets will be held by a wholly owned subsidiary of Elixir Ene
Slide 14: Appendix – Contingent Resources (Cont.)
Appendix 1 – Contingent Resources (Cont.) 7. The totals are based on arithmetic aggregation of reservoir estimates. 8. Contingent resource assessments in this release were estimated using probabilistic methods in accordance with 2018 PRMS SPE-PRMS standards. 9. The data used to compile the independe
Slide 15: Important Notice & Disclaimer
Important Notice & Disclaimer This document has been prepared by Elixir Energy Limited (ABN 51 108 230 995) (“Elixir”) in connection with providing an overview of its business to interested analysts/investors. This presentation is being provided for the sole purpose of providing preliminary backgrou
Slide 16: www.elixirenergy.com.au
INVESTORS & MEDIA Neil Young info@elixirenergy.com.au Managing Director Phone +61 8 7079 5610 www.elixirenergy.com.au ASX:EXR