Elixir Energy, APA Group Conducting Feasibility Study for Taroom Trough Gas Pipeline

MT Newswires Live

04/10

Elixir Energy (ASX:EXR) and APA Group (ASX:APA) have reached a deal to conduct a feasibility study to determine the best path for gas from the Taroom Trough in Queensland to reach the Wallumbilla Gas Hub, according to a Friday filing with the Australian bourse.

The agreement includes feasibility works to prepare an entry into pre-FEED, as well as a class-V capital estimate and level-1 schedule. The study is anticipated to complete in roughly 12 weeks, per the filing.

Additionally, Elixir expects to produce a "significant" volume of associated condensate/light oil alongside the gas from the Lorelle pilot project, with a separate study planned later to optimize logistics for those liquids destined for the Queensland refining market.

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