Elixir Energy secures new exploration area in Queensland

Sydney-listed gas explorer Elixir Energy has been awarded a new exploration area in Queensland, the company announced on June 20. Area PLR2023-1-7 lies immediately adjacent to Elixir’s Project Grandis.

PLR2023-1-7 covers 526 km² and, although just one licence, it is divided into three separate geographical areas. The North Eastern areas are located in the Taroom Trough and are prospective for the same deep gas plays as encountered in Project Grandis. These new areas cover 152 km² and represent a 14% increase of Elixir’s acreage within the Taroom Trough, which to date has a 2C contingent resource booking of 1,297bn ft³.

The larger South-Western area, which covers 374 km², is prospective for both shallow and deep gas targets. Elixir will now proceed to obtain an environmental authority (EA) and complete any required native title processes before being granted the final authority to prospect (ATP).

This licence will not be subject to any domestic gas reservation. Elixir will own a 100% working interest in the ATP and will be the operator.

PLR2023-1-7 is one of the six tenders that the Queensland government has awarded.