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Elixir Energy Limited ( (AU:EXR) ) just unveiled an announcement.
Elixir Energy Limited announced the maiden contingent resource booking for its Grandis Gas Project, with a certified 2C recoverable resource of 245 billion cubic feet in the deep dry coals of ATP 2044 and ATP 2077. This development represents a 17% increase in the project’s total 2C recoverable gas resources, marking a significant milestone as it is the first recognition of contingent resources in the deep coals, further enhancing Elixir’s position in the energy market. The certification by ERCE Australia highlights the project’s potential, although further economic viability remains to be assessed.
More about Elixir Energy Limited
Elixir Energy Limited operates in the energy sector, focusing primarily on the exploration and development of gas resources. The company is involved in projects such as the Grandis Gas Project, holding a 100% working interest in specific tenements.
YTD Price Performance: 0%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $40M
For a thorough assessment of EXR stock, go to TipRanks’ Stock Analysis page.
