• Largest acreage position in the Taroom Trough basin-centered gas play
• Highly leveraged to Shell's success in the region
• Upcoming drilling at Lorelle-3 and Diona-1 prospects

Elixir Energy Ltd, an ASX-listed energy company, presented at the Essential Energy Conference, highlighting its significant position in the Taroom Trough basin-centered gas play. The company has the largest acreage position in the Taroom Trough, with over 2,000 km² or 500,000 acres, and is geologically diversified across the trough's gas, gas-condensate, and light oil plays. Elixir is highly leveraged to the success of Shell, which has been appraising the western Taroom Trough and has observed strong gas and condensate flows from its Tinowon 'Dunk' Sands. Elixir has mapped nearly 100 km of linear exposure to this same geological formation at similar depths and plans to drill the Lorelle-3 well, which is expected to intersect a high-amplitude seismic zone that may indicate a 'sweet spot' in the Tinowon 'Dunk' Sands. Additionally, Elixir is fully carried by Xstate Resources for the drilling of the Diona-1 well, which targets a four-way dip closed anticlinal structure at the Showgrounds, Tinowon, and Wallabella Sandstone levels. The company is well-funded with $10.4 million in cash and receivables as of Q2 2025 and is positioned to participate in the rising tide of the East Coast gas market.

Elixir Energy is well-positioned to capitalize on the significant opportunity in the Taroom Trough, with its large acreage position and upcoming drilling plans at Lorelle-3 and Diona-1. The company's strategic plan and ability to participate in the rising East Coast gas market make it a compelling investment opportunity.