Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) managing director Neil Young talked with Proactive’s Tylah Tully about the company's latest developments, including two significant farm-out agreements for its Mongolian natural gas and renewable energy assets. Under this deal, a local partner will take a 51% stake and fund the projects through to a final investment decision (FID). If FID is reached, Elixir Energy stands to receive up to US$30 million for the gas venture and up to US$6 million for renewables. Young emphasised that the agreement allowed Elixir Energy to concentrate its resources on its Grandis Project in Queensland’s Taroom Trough, which has shown promising results. He noted that the company had booked substantial discovered resources there, with ongoing activity from Elixir Energy and major industry players in the region. Providing an update on the project, Young highlighted upcoming exploration activities, including work by neighbouring ASX-listed companies and energy giant Shell. Elixir Energy is planning two wells in 2025 — one a shallow conventional well anticipated to be funded by a third party and the other a farm-in well with Santos set for late Q3. Young stated that this strategic realignment strengthened Elixir Energy’s investment profile, allowing it to focus on its highest-value opportunities while retaining upside potential from its Mongolian ventures. #ElixirEnergy #ASXEXR #OTCELXPF #NaturalGas #RenewableEnergy #QueenslandGas #EnergyInvestment #OilAndGas #MongoliaEnergy #ProactiveInvestors #StockMarketNews