• Independent certification of 189 BCFe of new 2C Contingent Gas Resources in ATP2077 Block-B
• Total 2C Contingent Gas Resources in Taroom Trough now ~2.8 TCFe
• Next steps include Potential Commercial Area application and resource to reserve conversion

Elixir Energy Limited (ASX: EXR) has announced the booking of new 2C Contingent Resources in its significant acreage position in Queensland's Taroom Trough within the Bowen Basin. ATP2077 Block-B, which is 100% wholly owned by Elixir, is located on the western flank of the Taroom Trough and has been independently certified by Sproule ERCE to contain 189 BCFe of new 2C Contingent Gas Resources. This resource estimate is consistent with the resources booked in ATP2077 Block-A and uses identical cutoffs and recovery factors for Elixir's other Contingent Resources associated with the Basin Centered Gas Play in the Taroom Trough. With the addition of these new resources, Elixir's total gas resources have risen 8% and the company now estimates a total of 2,792 BCFe (or ~2.8 TCFe) 2C Contingent Gas Resources across its Taroom Trough portfolio. This new total does not include any Contingent Resources associated with the company's 50% net interest in ATP2057, which is also favorably located adjacent to Shell's primary acreage and Elixir's ATP2077 Block-B. The next steps for ATP2077 Block-B include the submission of a Potential Commercial Area application (retention license) and the scoping and drilling of Inglestone-2, which would be designed for resource to reserve conversion and be a potential future producer.

Elixir Energy believes the Taroom Trough has the scale to not only arrest the declining situation in the east coast domestic gas markets, but also provide the next wave of LNG feedgas required to keep Queensland's prominent export industry going.