Elixir Energy Signs Rig Contract for Queensland Appraisal Well Drilling

MT Newswires Live
2025/11/21

Elixir Energy (ASX:EXR) signed a rig contract with Helmerich & Payne for the use of the FlexRig3 MM 648 for the drilling of Lorelle-3 appraisal well within the Taroom Trough in Queensland, according to a Friday filing with the Australian bourse.

The project's civils, site preparation, and well pad construction are 30% complete and all long-lead items have been secured, the filing said.

The rig is set to start mobilization to the well site on Jan. 12, 2026, according to the filing.

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