Elixirr International (ELIX) AGM 2026 presentation summary

Strategic response to operational challenges

• Production was suspended on 28 February 2026 due to security concerns, after a strong start to the year with gross production exceeding 44,000 bopd.

• Swift cost reductions were implemented, focusing only on safety-critical or strategic capital projects, such as PF-2 water handling.

• Operating and staff costs were minimized, with flexibility to reduce further if needed.

• Maintained full restart capacity, ensuring readiness to resume production quickly.

Financial resilience and balance sheet management

• Maintained a robust balance sheet with $66 million in cash as of 18 June 2026.

• Ongoing recovery of export sales receivables up to February 2026 supported liquidity.

• Paid a $12.5 million dividend in April 2026, with future capital allocation to be reviewed after oil sales restart.

Progress towards sustainable exports and future growth

• Actively working with regional and federal stakeholders to secure conditions for safe production restart.

• Making good progress towards sustainable export sales at international prices, with contractual cost reviews nearing completion.

• Anticipates reconciliation to full PSC entitlement at international prices and is discussing extensions to export agreements.

• Advancing projects for future growth, including water handling facilities and a revised field development plan.