Euroz Rottnest Conference revealed significant gas resource in Queensl, 's Taroom Trough. Lorelle3 drilling confirmed 148m of net gas pay across 4 Permian reservoir units. High-quality gas and oil flows recorded. Commercialization led by Supermajor. Gas quality meets pipeline spec, low development costs. Expanding industry investment with larger companies entering play. Potential for fast follow-up appraisal. Lorelle3 a defining moment with thickest, highest quality penetration in Taroom Trough to date. Shell's exploration efforts benefiting Elixir.