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Elixir Petroleum to boost cash balance

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Elixir Petroleum (ASX:EXR) is preparing to reveal details of a capital raising, with the ASX granting the company a trading halt to do so.

Elixir has entered an agreement to acquire AWE Limited’s 57.5% Working Interest in the producing Cliff Head Oil Field located in the Perth Basin.

The halt will remain in place until the opening of trade on Wednesday 28th October 2015, or earlier if an announcement is made to the market.

 

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Quick facts: Elixir Energy Ltd

Price: 0.02 AUD

ASX:EXR
Market: ASX
Market Cap: $10.02 m
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