Elixir Energy Ltd has signed two farm-out agreements for its Mongolian natural gas and renewable energy assets. The agreements transfer a 51% interest in these projects to a UK-registered company controlled by Mongolian business interests, which will cover all costs up to a final investment decision (FID) for gas or renewable development. The first farm-out agreement involves Elixir’s Mongolian coal bed methane (CBM) assets, including the Nomgon CBM production sharing contract (PSC) and related equipment and facilities. The second agreement applies to the company’s renewable energy business, covering the Solar Ilch pre-development solar farm, wind and solar monitoring equipment, and associated intellectual property. Elixir stated that these agreements will allow the company to focus on its Grandis Gas Project in Queensland, with the potential to fully exit the Mongolian projects under pre-agreed terms. The total possible payments from the agreements could reach A$56 million. Both deals include conditional put and call options, with exit valuations linked to booked reserves and installed renewable capacity. #ElixirEnergy, #NaturalGas, #RenewableEnergy, #Mongolia, #Queensland, #EnergyInvestment, #FarmOut, #GasExploration, #SolarEnergy, #WindEnergy, #CoalBedMethane, #JointVenture, #GrandisProject, #EnergyDevelopment, #InvestmentDeals, #OilAndGas, #Australia, #EnergyTransition, #BusinessNews, #GasReserves