Foresta Group Holdings Limited (FGH)

Overview

Elixir Energy Limited is a company engaged in the exploration and development of natural gas and hydrogen. Originating from Australia, Elixir Energy has extended its operations into Mongolia and the United States, marking its presence in the energy sector with a strong focus on sustainable and alternative energy sources. The company, incorporating in 2004, initially went by the name Elixir Petroleum Limited until it rebranded to Elixir Energy Limited in May 2019. Its headquarters are established in Adelaide, Australia, reflecting its roots and commitment to contributing to the Australian and global energy markets. Elixir Energy Limited has pushed the boundaries of energy exploration and development by securing significant projects such as the Nomgon project in Mongolia and the Grandis gas project in Queensland, Australia, as well as involving itself in green hydrogen production in Mongolia, showcasing its dedication to environmental sustainability and innovation in the energy sector.

Products and Services

• Nomgon Project

Elixir Energy Limited holds a 100% interest in the Nomgon project, a coal bed methane production sharing contract. This significant project spans approximately 30,000 square kilometers and is strategically located north of the Mongolian/Chinese border. Through this project, Elixir Energy aims to tap into the vast coal bed methane resources, a clean energy source compared to traditional coal, which represents a critical step towards sustainable energy development in the region.

• Grandis Gas Project

Another cornerstone of Elixir Energy's portfolio is the Grandis gas project, for which the company also holds a 100% interest. This petroleum exploration permit covers an area of around 1,000 square kilometers located in Queensland, Australia. The project underscores the company's efforts to explore and develop natural gas resources, contributing to the Australian energy market and supporting the country's energy needs with a focus on cleaner and more sustainable sources.

• Green Hydrogen Production

In addition to natural gas exploration, Elixir Energy is venturing into the green hydrogen production business in the South of Mongolia. By focusing on green hydrogen, Elixir Energy is positioning itself at the forefront of the clean energy transition, recognizing the significant role hydrogen is expected to play in global efforts to reduce carbon emissions. This initiative reflects the company's commitment to pioneering in sustainable energy solutions and its ambition to explore and develop alternative energy resources beyond traditional natural gas.