Elixir Energy's new resource booking

Elixir Energy (ASX:EXR) has announced a significant prospective resource booking for its ATP 2077 in Queensland. The company has identified 712 billion cubic feet of prospective resources in Sub-Block B. This development enhances Elixir's resource portfolio and indicates potential for future gas exploration and development.

Elixir Energy's strategic outlook

Elixir Energy has declared a prospective resource booking of 712 billion cubic feet in Sub-Block B of ATP 2077, located in the Taroom Trough, Queensland. This addition marks a strategic expansion of their resource base, focusing on tight sands and deep coal reservoirs. The company is negotiating farmout deals for Sub-Block C to secure funding for exploration wells. An updated contingent resource report for ATP 2044 is expected by year-end. Elixir's efforts signify a commitment to advancing its Queensland gas resources, aiming for successful exploration and future development.

Elixir Energy's executive commentary

We are pleased to announce this new prospective resource booking for ATP 2077. Our technical team's analysis shows a significant potential for gas exploration in the Taroom Trough. We are also actively seeking partners to fund exploration efforts in Sub-Block C.