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Elixir Energy’s Lorelle-3H result showed encouraging gas flow, but investors still want proof of sustained production, commercial recovery and pipeline access. The sharp chart breakdown leaves EXR oversold, speculative and dependent on October’s retest.

Elixir Energy (ASX: EXR) is advancing gas projects toward 2027 production, but its share price faces pressure from dilution, cash burn, and operational risks. Technically, the stock sits near key support, with momentum neutral and direction dependent on whether it holds support or breaks resistance.