ELIXIR ENERGY LIMITED (EXR)
Share Price Analysis and Chart

06/07/2026

1

Speculative Buy

$0.25

108.33%

Canaccord Genuity initiates coverage on Elixir Energy with a Speculative Buy rating and a $0.25 target price, noting the company holds the largest net acreage position in Queensland's liquids-rich Taroom Trough.

The investment thesis centres on the high-quality Tinowon Dunk Sandstone reservoir targeted by the Lorelle-3H well, which represents the longest lateral drilled in the play to date.

Geological data from adjacent successful appraisal programs, including Shell's Dunk-5H, suggests that commercial flow rates are achievable, de-risking the broader western flank of the basin, the analyst explains.

Canaccord highlights strong political and infrastructure support, evidenced by the Queensland government's Taroom Trough Development Plan and ongoing pipeline feasibility studies targeting the Wallumbilla Gas Hub.

Capital deployment is currently focused on imminent stimulation and flow testing at Lorelle-3H, which the analyst identifies as a pivotal catalyst for establishing the company's maiden reserve booking and future commercialisation pathway.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.20 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.30 cents.