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Why is Elixir Energy in a Trading Halt? Elixir Energy Limited

Why is Elixir Energy in a Trading Halt?

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Elixir Energy Limited: Pioneering the Frontier of Gas Exploration

In a strategic maneuver laced with anticipation and rife with possibilities, Elixir Energy Limited (ASX: EXR) has invoked a temporary trading halt on its securities. This calculated pause in the trading cycle precedes a forthcoming announcement by the Company—a revelation poised to disclose the initial drilling results from its Daydream-2 appraisal well.

Embarking on the Frontier of Gas Exploration

Steering its ambitions towards a horizon teeming with potential, Elixir Energy stands tall as an Australian gas exploration and development enterprise. Central to its pursuits are vigorous natural gas exploration and appraisal programs unfurling across the landscapes of Mongolia and Queensland, Australia.

Nomgon IX Coal Bed Methane (CBM) Project: A Jewel in the Crown

Nestled within the expanse of the South Gobi region in Mongolia lies the Nomgon IX Coal Bed Methane (CBM) Production Sharing Contract (PSC) project—Elixir Energy's most prominent asset. Covering a colossal expanse of approximately 30,000 km², this project stands certified, boasting a giant CBM risked recoverable prospective resource of 14. 6 Tcf (best case).

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The Nomgon Project emerges as a beacon of potential, casting a transformative shadow across the realm of energy exploration.

Grandis Gas Project: Unveiling Potential in Queensland

Further bolstering its portfolio, Elixir Energy commands 100% ownership of Queensland's exploration permit ATP 2044, known as the Grandis Gas Project. With an initial contingent resource (2C) of 365 billion standard cubic feet of gas, this asset underscores the company's commitment to unlocking untapped reserves, driving innovation, and shaping the energy landscape.

Pioneering Green Initiatives

Beyond the frontiers of conventional gas exploration, Elixir Energy is carving a path toward sustainable energy solutions. In a visionary stride, the company is steering the development of the Gobi H2 green hydrogen project and a solar initiative in Mongolia. These pioneering ventures stand testament to Elixir Energy's commitment to not only harnessing natural resources but also embracing renewable energy avenues.

A Pause that Presages Promise

As the trading halt seeks to pave the way for a monumental disclosure regarding the Daydream-2 appraisal well's initial drilling results, Elixir Energy emerges as a vanguard in the pursuit of innovative energy solutions. The trading hiatus, while temporary, marks the dawn of a crucial revelation—an announcement that is poised to ripple through the fabric of gas exploration and fuel the narrative of sustainable energy evolution.

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Shortnsalty @LykeShares
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Mining_Mate @LykeShares
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Goldrush_Greg @LykeShares
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Stonksurfer42 @LykeShares
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Moonbagjack @LykeShares
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Chartwizard_Au @LykeShares
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Tendies_Inbound @LykeShares
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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