Elixir Energy Limited
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Who Are Neil Young and Richard Cottee? CEO and Chairman of Elixir Energy
Elixir Energy Limited: Leadership Driving Innovation and Growth
Elixir Energy Limited (ASX: EXR), an ASX-listed gas exploration and development company, has been making notable strides in the energy sector, led by a team of experienced directors. The company, with its focus on Mongolian gas, hydrogen, green energy, and Queensland gas projects, is spearheaded by two key figures: Richard Cottee, the Non-Executive Chairman, and Neil Young, the Managing Director and CEO.
Richard Cottee: A Veteran Leader in Energy
Appointment: Richard Cottee joined Elixir Energy as the Non-Executive Chairman on 29 April 2019.
Industry Milestones: Cottee has a remarkable track record, notably as the Managing Director of Queensland Gas Company (QGC), where he led the company’s growth from a small explorer to its acquisition by BG Group for $5. 7 billion. QGC's assets, now operated by Shell, are pivotal in supplying gas to China and other LNG markets.
Career Foundation: Initially a lawyer, Cottee transitioned into the energy sector, bringing a wealth of experience from senior executive roles in companies like CS Energy, NRG Europe, Central Petroleum, and Nexus Energy.
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Educational Qualifications: Cottee is a University of Queensland graduate and boasts over 32 years in the energy industry, demonstrating a strong aptitude for business development.
Contributions to Elixir Energy
As Non-Executive Chairman, Cottee brings his extensive experience in coal seam gas (CSG) and his history of successful business growth, which is invaluable to Elixir Energy’s strategic expansion and project development.
Neil Young: Steering Elixir Energy’s Vision
Appointment and Role: Neil Young was appointed as Elixir Energy’s CEO on 14 December 2018, bringing over two decades of experience in the energy sector.
Industry Footprint: Young has held senior management positions focusing on business development, new ventures, and commercial functions in both upstream and downstream energy sectors.
Global Exposure: His career spans across various organizations in the UK and Australia, including EY, Tarong Energy, and Santos. Notably, he founded Golden Horde Ltd, aiming at gas exploration near the Chinese border in Mongolia, and developed new ventures in Kazakhstan, Japan, and the USA.
Academic Credentials: Young holds a joint M. A. (Hons) degree in Economics/Politics from the University of Edinburgh.
Vision for Elixir Energy
As CEO, Young leverages his extensive experience in international energy markets and strategic business development to guide Elixir Energy’s growth, particularly in its diverse projects ranging from traditional gas exploration to renewable energy ventures.
Elixir Energy’s Strategic Projects
Nomgon IX CBM Project: Elixir’s primary asset in Mongolia is the 100% owned Nomgon IX Coal Bed Methane Production Sharing Contract project in the South Gobi region, representing a significant step in the company's growth trajectory.
Renewable Energy Initiatives
GOH Clean Energy LLC: Established in February 2021, this wholly-owned subsidiary focuses on hydrogen and solar energy ventures, marking Elixir’s foray into the renewable energy sector.
Queensland Gas Exploration
Grandis Gas Project: In August 2022, Elixir acquired ATP 2044 in Queensland, indicating a strategic expansion in the Australian energy market.
A Future Shaped by Experienced Leadership
Under the guidance of Richard Cottee and Neil Young, Elixir Energy Limited is poised for significant growth and diversification. Their combined experience in the energy sector, coupled with strategic project selections and a focus on both traditional and renewable energy sources, positions the company as a dynamic player in the evolving global energy market. The anticipation of how these leaders will continue to steer Elixir Energy’s projects makes it a company to watch in the coming years.
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