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Elixir Petroleum completes 2D seismic over U.S. oil project

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Elixir Petroleum (ASX:EXR) has completed 2D seismic over the Petra Project in Washington County, Colorado.

Processing of the data is currently underway and its integration into the company’s data set will be completed mid to late March 2015.

The detailed interpretation of the new data together with the existing data set will further enhance Elixir’s understanding of the structures in this core area of the Petra Project.

The company has a 50% interest in the project, which lies within a proven onshore oil play in a low cost and low risk operating environment.



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ASX:EXR
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Market Cap: $56.52 m
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