Energy

The company holds a 100 per cent working interest, with a 70 per cent net revenue interest, in about 325.3 acres of leases in Acadia Parish. Zydeco-1 was spudded on 2 July 2026. The original hole became stuck at 9,393 feet measured depth, so …

The company said the remaining A$3.5 million of the placement needs shareholder approval at its annual general meeting, which it said is scheduled for 27 November 2026 in Perth. That includes a A$3.0 million cornerstone commitment from major shareholder Talent 10 Holdings.

The issue price represents a 12.5 per cent discount to the closing price on 23 October 2026 and a discount of between 20.6 and 23.1 per cent to the 30-day, 15-day and 5-day volume-weighted average prices. Commitments came from sophisticated and professional investors, both …

The site is in the Kido and Rearea Special Economic Zone and port precinct, about 35 kilometres from Port Moresby. The zone is 4,500 hectares and gazetted, and the company said its licence covers liquid fuel storage as a permitted use. Land is held …

Willowie 2 was spudded on 19 October 2026 and reached a total depth of 2,687 metres measured depth on 25 October 2026, on schedule. The primary targets were Permian sandstones, namely the Toolachee, Patchawarra and Tirrawarra formations. The well drilled through to the Merrimelia …

The company reported that the average oil price it received fell to US$83.36 per barrel from US$97.83 in the June quarter. The lower realised price is consistent with the fall in quarterly revenue, which declined by more than the small change in volumes would …

Lorelle-3H sits in permit ATP2056, in which Elixir holds a 50 per cent interest. First-phase clean-up and flow-back lasted about 30 days, with three shut-ins for a tubing run and pressure build-up tests. Peak rates reached 10.4 million standard cubic feet a day, or …