Elixir Energy (EXR) Investor Presentation summary

East Coast energy market outlook

• Southern states face a growing supply-demand gap, risking an energy crisis without new gas resources.

• LNG export capacity at Gladstone is significant, with 25 mtpa, and relies on new gas supply.

• Domestic gas prices are high, averaging around $8/GJ, with unfulfilled demand projected.

Taroom Trough resource potential

• Taroom Trough is compared to Canada’s Montney play, offering a multi-phase oil and gas opportunity.

• Independently certified as a multi-TCF resource with substantial low impurity gas and oil flows.

• Largest acreage position in the basin, with over 2,000 km² and 2.6 TCFe of 2C contingent gas resources.

• Gas quality exceeds pipeline specs, supporting low development costs and efficient commercialization.

Exploration and development activities

• Drilling at Lorelle-3 targets the Tinowon 'Dunk' Sands, with seismic data indicating high-quality reservoir zones.

• Diona-1 well, fully funded by a partner, targets multiple sandstones and is strategically located for rapid development.

• Shell’s appraisal wells in the region have demonstrated strong gas and condensate flows, supporting further exploration.