贵公司转向澳大利亚国内天然气市场的时机再合适不过了。主要天然气消费州不愿进行陆上天然气勘探，再加上巴斯海峡天然气产量的急剧下降，预示着东海岸市场的天然气短缺将加剧。十多年前，国内市场生产的天然气有 70% 以上来自巴斯海峡，昆士兰州供应的天然气不到 10%。现在，昆士兰州供应了东海岸国内市场一半以上的需求。这一迫在眉睫的现实预示着联邦政府将出台更为宽松的天然气政策。

不仅会出现不必要的天然气短缺，而且发达国家和澳大利亚都首先意识到，备受吹捧的能源转型在短期和长期内都将有多么困难。天然气将成为这种转型的润滑剂——这一严峻的现实仍然被一厢情愿的人所否认。

综上所述，Elixir 在过去 15 个月的重点是昆士兰 Taroom Trough 的 Grandis 项目。贵公司的董事们对迄今为止的勘探结果感到非常满意。很快我们将开始对这口非凡的油井进行最后的生产测试。贵公司的董事会已经成为白日梦信徒。
历史在一定程度上重演了这一过程，就像 90 年代引入 PNG 天然气的威胁（或者在我看来是挑战）预示着协调一致的 CSG 努力的开始，国内天然气短缺的挑战促使业界协调一致地努力“破解”Taroom Trough 深层致密气资源的最佳生产方法。与 CSG 革命初期一样，Santos、Origin 和 Shell 等业界参与者正在合作培育这种新资源。这种合作虽然前所未有，但显然符合国家利益。

我谨代表董事会对股东的支持表示感谢，并相信来年的努力将充分回报你们的耐心和支持。

The timing of your Company’s pivot towards the Australian domestic gas market could not have been more propitious. The reluctance of the major gas consuming States towards onshore gas exploration, coupled with the steep decline in Bass Strait production, foreshadows a deepening gas shortage in the Eastern Seaboard markets. A little over a decade ago over 70% of gas produced for the domestic market was sourced from Bass Strait with Queensland supplying less than 10% of the supply. Now Queensland supplies over half of the Eastern Seaboard domestic market’s requirements. This looming reality presaged a more accommodating Federal Government gas policy.

Not only is there to be an unnecessary gas shortage but the realisation has dawned first on the developed world and belatedly Australia just how difficultthe much-touted energy transition will be both in the short and long term. Gas will be the lubricant to that transition - a stark reality still being denied by the wishful thinkers.

Taking all of this into account, Elixir’s key focus of the last 15 months has been the Grandis Project in Queensland’s Taroom Trough. Your Directors are extremely pleased with the exploration results to date. Soon we will commence the final production test of this remarkable well. Your board have become Daydream Believers
With a degree of history repeating itself like in the nineties the threat (or in my view the challenge) of the introduction of PNG Gas heralded the start of a concerted CSG effort, the challenge of the domestic gas shortfall has seen a concerted industry effort to “crack the code” to the best production method for the deep tight gas resources of the Taroom Trough. As in the early days of the CSG revolution, the industry’s participants like Santos, Origin and Shell are co-operating in the efforts of nurturing the birth of this new resource. Such co-operation is unheralded but clearly in the National Interest.

On behalf of the Board, I would like to express our appreciation ofshareholder’s support and trust that this coming year’s efforts will amply reward you for your patience and support.