• Proximity to infrastructure and markets in Queensland's Taroom Trough
• Scale and maturity of the multi-TCF resource play
• Quality and low-cost development of the gas and condensate resources

Elixir Energy's Euroz Rottnest Conference presentation highlights the key attributes of the Taroom Trough in Queensland as a major energy supply opportunity. The Taroom Trough is located on the doorstep of the Wallumbilla Gas Hub and the East Coast gas market, with proximity to 25 mtpa of LNG capacity at Gladstone. The play has an independently certified multi-TCF resource base, with substantial flows of low-impurity gas and oil already recorded by Elixir and other operators. The gas quality meets pipeline specifications, translating to low development costs in an area with a prolific CSG industry and broad oilfield services availability. Elixir is the largest net acreage holder in the play, with validation from other operators including Shell and Omega. The company is fully funded to deliver company and basin-defining catalysts in 2026, including the completion of appraisal drilling, horizontal well evaluation, fracture stimulation, and production testing at the Lorelle-3/3H and other key wells. Elixir is strategically positioned to supply both the structurally short East Coast gas market and international LNG demand.

2026 is shaping up to be a breakout year for the Taroom Trough, with up to 10 new wells planned across the play. Cooperative and collaborative pilot production could commence within 1-2 years, creating a momentum shift as multiple rigs start up. Elixir is well-placed with its large net acreage position and proximity to the Wallumbilla Gas Hub.