A Major New Play is Being Proven in Queensland’s Taroom Trough

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to present its investor presentation.

Introducing the Taroom Trough

One of the few remaining places onshore Australia where a substantial gas resource could exist – and in a great location to access markets Permian coals have sourced oil and gas fields on the flanks, but considerable gas volumes remain trapped within the depocentreThe unique geology of the Taroom Trough means tight gas from this basin may succeed where others (e.g. Nappamerri Trough – Cooper Basin) have failed Stress modelling by Elixir has recognised the importance of stress partitioning and stress anisotropy in this area resulting in the derivation of an optimal fracture stimulation program

The Taroom Trough – An Advantaged Location

The prolific Bowen Basin is now set to deliver another energy source

The Grandis Gas Project is very well located in the Taroom Trough in the Southern Bowen Basin Australia’s premier physical and commercial gas hub – Wallumbilla – is immediately adjacentMarket factors are now driving new rounds of drilling in the Taroom Trough – including by MajorsPipeline costs minimal – material savings per GJ – as well as avoidance of financing concerns over new transmission pipelinesLong term community acceptance of oil and gas locallyAustralia’s onshore oilfield service sector is centred in the region

Click here for the full ASX Release