Elixir Energy Limited ( (ELXPF) ) has released its Q2 earnings. Here is a breakdown of the information Elixir Energy Limited presented to its investors.
Elixir Energy Limited is an oil and gas company focused on gas appraisal in Queensland and coal bed methane exploration in Mongolia, with additional renewable projects in the region. The company’s interim report for the half-year ended December 31, 2024, highlights a net loss of $1.8 million, an increase from the previous year, primarily due to the absence of Project Grandis data sharing income and higher interest and share-based payment expenses. Key operational activities included the drilling of the Daydream-2 appraisal well in Queensland and ongoing production testing at the Nomgon Pilot Project in Mongolia. Notable achievements include the execution of a memorandum of understanding with AGIG for new gas infrastructure and the expansion of contingent resources in the Taroom Trough. Looking ahead, Elixir Energy is focused on de-risking its Grandis Project and exploring potential farm-out opportunities for its Mongolian assets, while continuing to engage with partners for its renewable energy initiatives.