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Elixir Energy (EXR) investor relations material
Elixir Energy Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Omega Oil and Gas acquired a 19.43% stake, supporting a $16.6 million capital raise and advancing Phase 2 of the strategic plan focused on reserve definition.
The Lorelle-3 appraisal well qualified for a federal R&D tax incentive, with up to a 48.5% refund on eligible costs, and drilling operations have commenced.
2C Contingent Resources in the Taroom Trough increased by 189 BCFe, bringing the total to approximately 2.8 TCFe.
Renewal of ATP2044 and declaration of a Potential Commercial Area (PCA356) over 100% of the permit secures the license for 15 years.
Ended the quarter with ~$21 million in cash, with an additional $2.68 million inflow post-quarter from the placement's second tranche.
Financial highlights
Raised ~$16.6 million in new capital, including $14.6 million from Omega and $2 million from Nero Resource Fund.
Received a $3.86 million R&D tax refund during the quarter.
Cash and cash equivalents at quarter end were $20.6 million, up from $5.4 million at the start of the quarter.
Net cash from operating activities was an outflow of $811,000 for the quarter.
Net cash from investing activities was an inflow of $2.05 million, mainly due to the R&D tax refund.
Net cash from financing activities was an inflow of $13.9 million.
Outlook and guidance
The company is well funded to deliver both Phase 1 (Retention) and Phase 2 (Reserve Definition) of its strategic plan, including expanded drilling and testing programs.
Anticipates completion and testing of the Diona-1 well in the coming quarter, which could be materially impactful.
The Lorelle-3 well is expected to be a high-impact well for 2026, with a horizontal sidetrack and multi-stage stimulation planned.
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