Australia's Elixir Energy hits over a month high on Beach Energy farm-in talks
10/09/2026 03:23
BUZZ-Australia's Elixir Energy hits over a month high on Beach Energy farm-in talks ** Shares of Australia's Elixir Energy EXR.AX jump as much as 10.5% to A$0.084, hitting their highest level since August 3
** Stock set on track for sixth straight session of gains, if trend holds
** Elixir clarifies media reports; says it signed a process deed with Beach Energy BPT.AX in mid-August for a potential strategic farm-in to Elixir's Taroom Trough gas assets in Queensland
** The agreement provides a period of hard exclusivity, due diligence and negotiations through October 1
** Including session's moves, stock up 3.9% YTD
(Reporting by Paridhi Minda in Bengaluru)
Recent news on Beach Energy
See all newsAustralian gas reservation scheme gains backing of Senate committee
Brief: Beach Energy To Materially Expand Acreage Position In Taroom
Brief: Beach Energy Says FY27 Guidance Maintained For Production
Australia's Beach Energy rises on higher quarterly production
Australian energy stocks jump as Citi stays positive on improved commodity prices