• Successful drilling, coring, logging and casing of Lorelle-3/3H appraisal well in ATP2056
• Completion of Teelba 2D seismic survey in ATP2057
• Secured $10 million debt facility for Lorelle-3 R&D program
• Finished quarter with $22.3 million liquidity, fully funded for remainder of 2026

Elixir Energy Ltd reported a highly successful Q3FY26, highlighted by the drilling, coring, logging and casing of the Lorelle-3/3H appraisal well in ATP2056 within the Taroom Trough. The Lorelle-3 vertical pilot hole intersected a total of 148m of net gas-condensate pay across the Permian reservoirs, including 28m in the Tinowon 'Dunk' Sandstone, 60m in the Lorelle Sandstone, and 59m across the Kianga Group. The subsequent Lorelle-3H horizontal well was drilled to 4,477m, with 1,033m of high-quality net gas-condensate pay in the Tinowon 'Dunk' Sandstone. Elixir also completed the Teelba 2D seismic survey in ATP2057, acquiring 225km of modern high-resolution data. The company secured a $10 million debt facility from Endpoints Capital to fund the R&D component of the Lorelle-3/3H program, and finished the quarter with $22.3 million in liquidity, fully funded for the remainder of 2026. Elixir is now preparing for the stimulation and testing of the Diona-1 well and the upcoming fracture stimulation and production testing of Lorelle-3H, which the company expects will deliver value-defining outcomes as it advances toward booking its maiden 2P Reserves in the Taroom Trough.

Elixir is well positioned to deliver value-defining outcomes as it advances toward booking its maiden 2P Reserves in the Taroom Trough, with flow testing of Diona-1 and Lorelle-3H scheduled for the coming quarter.