Elixir Energy (ASX:EXR) Shares Fall as Quarterly Report and Beach Farmout Details Land

Sonal Goyal

27 October 2026 04:27 PM AEDT

Elixir Energy (ASX:EXR) Shares Fall as Quarterly Report and Beach Farmout Details Land

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Elixir Energy shares traded at $0.056, down 12.50%, during the 27 October 2026 trading session.
Lorelle-3H clean-up flows peaked at 10.4 mmscfd plus 10 bbl/d of condensate.
A farmout to Beach Energy has a total transaction value of $205 million.

Shares in Elixir Energy Ltd (ASX:EXR) were trading at $0.056, down 12.50%, during the 27 October 2026 trading session, while the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Elixir Energy is an Adelaide-based gas explorer with permits in the Taroom Trough in Queensland. On the same day, the company released its Q1 FY27 Quarterly Report dated 27 October 2026.

Lorelle-3H Flows (27 October 2026)

In its 27 October 2026 report, Elixir said the first phase of clean-up flows at the Lorelle-3H appraisal well in ATP2056 recorded peak rates of 10.4 mmscfd plus 10 bbl/d of condensate from about 1,000 m of reservoir, with an average of 6.1 mmscfd over the hour. The gas has negligible impurities requiring nil processing, and the condensate has an API of 47.8 degrees.

It executed a second data sharing agreement with QGC and progressed feasibility studies for the northwestern Taroom Trough production pilot, now called the Warkon Pilot, with APA Group completing work on a pipeline to the Wallumbilla Gas Hub.

Beach Energy Farmout and Funding

After quarter end, Elixir announced a strategic portfolio farmout to Beach Energy with a total transaction value of $205 million, comprising a $25 million cash payment and $180 million of gross carried appraisal drilling, studies, seismic and operating costs. The company said the deal provides a funding pathway over four years and leaves it with 1,193 km² of net acreage.

Elixir raised $5 million through a Placement in August 2026 and initiated a Strategic Review of its assets.

Sector Context

The broader market was higher during the session, with the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Gas developers and explorers report flow tests, appraisal work and funding arrangements, and results are measured against contingent resources before reserves are booked.

Elixir Energy shares were trading at $0.056, down 12.50%, against a benchmark gain of 0.49%, a gap of 12.99 percentage points. The figures are session data recorded while the market was open and can change before the market finishes trading.

Risks

Clean-up flow rates are an early appraisal measure and not sustained production. The farmout includes carried work that is valued by the companies and subject to the agreed program.

What Lies Ahead

The report points to continued Lorelle-3H flow testing, Warkon Pilot concept selection and the appraisal program under the Beach farmout.

Closing View

Elixir shares fell during the session on the day of its quarterly report, which describes flow results, a pilot project and a farmout.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.