• Mobilization of seismic fleet and equipment underway
• 200 km of new 2D seismic planned across prospective Taroom Trough acreage
• Campaign aims to support potential certification of gas and condensate resource

Elixir Energy Limited has announced that it has commenced mobilization of the seismic fleet and equipment for the Teelba 2D Seismic Campaign in its ATP2057 acreage within Queensland's Taroom Trough. The 200 km seismic program is planned to start within the next week and take approximately 3 weeks to complete. The new seismic data will cover areas that are prospective for thick Permian sand packages and on trend with both Shell's key wells and Elixir's outstanding petrophysical results at the Lorelle-3 pilot well. While ATP2057 currently does not contain a Contingent Resource, Elixir believes the new high-resolution seismic data may support the independent certification of a gas and condensate resource in the future. The Teelba 2D Seismic Campaign will enable Elixir to meet the work requirements and permit commitments for its February 2025 50% farm-in with Santos Limited, who is the operator of the permit post seismic and holds a 50% working interest. Elixir is the largest acreage holder in the Taroom Trough, which is geologically analogous to the Montney Formation in Canada and advantaged by its proximity to gas infrastructure and LNG export facilities.

Elixir is aiming to appraise its ~2.8 TCF of independently certified 2C Contingent Gas Resources which borders Shell's primary area of investment across the Basin Centered Gas Play.