www.elixirpetroleum.com
Elixir Petroleum is an international exploration and production company listed on the Australian Stock Exchange (ASX:EXR). Elixir holds interests in producing gas and condensate fields located in the Gulf of Mexico and has extensive interests in exploration and appraisal licences in the UK North Sea. Elixir has recently acquired interests in two producing fields in the Gulf of Mexico which provide the group with cashflow from sales of gas and condensate. The company is focused on increasing its presence on the shallow water shelf of the Gulf of Mexico and continues to examine new projects in which to participate. Such projects typically display discovered reserves, nearby infrastructure and short cycle times to first production and cashflow.
Elixir Petroleum opens Mulle Prospect to farm-in discussions
Elixir Petroleum ('Elixir', ASX:EXR, AIM:ELP), the oil and gas exploration and production company with interests in the Gulf of Mexico, UK North Sea and Offshore Sierra Leone, announced that its operations in the Gulf of Mexico had not been adversely affected by Hurricane Gustav.
Production was not shut-in at the Pompano Field, though as a precaution, the High Island fields was for around 4 days. High Island is now producing again at a combined rate of 4MMscf of gas and 200 barrels of condensate per day.
Drilling of a third well at the Pompano Project has also been delayed, as the crew with the Hercules 152 jack-up drilling rig were moved onshore as a precaution. No damage was sustained to the rig. Elixir added that Hurricane Ike which is entering the Gulf of Mexico, had also forced the Hercules 152 Rig to be down manned again until the storm passes.
Meanwhile, in back in the UK, Elixir said it had finalised with its partners an appraisal programme for the Mulle Project in the North Sea. A data room has now been opened to prospective farm-in partners. Elixir currently holds a 40% interest in Block 211/22b which includes the Mulle accumulation.
