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Elixir Petroleum prepares to raise capital

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Elixir Petroleum (ASX: EXR) has been granted a trading halt this morning, with its shares placed in pre-open, pending details of a proposed capital raising.

Elixir holds interests in producing gas and condensate fields located in the Gulf of Mexico and has interests in exploration and appraisal licences in the UK North Sea.

The company also operates a very large exploration permit in the East Paris Basin onshore North-eastern France, with the company targeting Europe oil and gas, including unconventional hydrocarbon resources.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 5th July 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Elixir Energy Ltd

Price: 0.082 AUD

ASX:EXR
Market: ASX
Market Cap: $56.52 m
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