Elixir Energy Limited Announces Impressive Initial Flow Test Results

Release Highlights:

• Elixir Energy Limited is pleased to announce its highly successful initial flow test in its 100% owned Grandis project in the Lorelle Sandstone of Queensland.
• Maximum rate of 2.3 million standard cubic feet per day (MMSCFPD) and stabilized flow rate of 1.3 MMSCFPD (through a 20/64 choke) achieved without stimulation, multiple zone flow testing to follow imminently.
• Elixir understands this is the deepest unstimulated flow of gas in onshore Australia East of the Perth Basin.