http://www.elixirpetroleum.com/



Elixir Petroleum Limited is an Australian company with a focused strategy of North Sea Exploration. The company is listed on the Australian Stock Exchange (ASX) and on the Alternative Investment Market (AIM) in London.

The company listed in Australia in July 2004 with interests in one UK Licence covering Block 21/6b. Interests in five further UK licences were added in September 2004 as a result of the 22nd UK Licensing Round. One further licence was acquired in December 2004. Elixir currently has interests in 7 UK exploration licences covering 11 North Sea blocks.

Elixir has entered into an agreement with DNO ASA, a Norwegian exploration and production company, for the DNO Group to farmin to Elixir's 100% owned Northern North Sea block 211/22b. The well is expecte to be drilled during 2006.

Elixir's first exploration well spudded on 18th June 2005 on the Marquis prospect in UK Block 21/6b.

RNS's from ELP can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=elp&go.x=19&go.y=11

Buy Elixir Petroleum at 25.5p
Argues Stewart Dalby of www.oilbarrel.com
Perth-based Elixir Petroleum (ELP), which is listed on London's Alternative Investment Market and the Australian Stock Exchange, focuses on exploration opportunities in the UK North Sea. The company perhaps did not chose the right moment to join AIM as it became caught up in the shakeout caused by the Regal Petroleum farce which saw the small cap oil and gas sector tumble. Elixir's shares have not done too much in the UK so far. But did the company did successfully raise 6.5 million pounds on its admission to AIM. Put together with the 1 million pounds the company had in the bank this mans the company is cashed up to get through a number of drilling prospect over the next 18 months.

The company will spud its first well in the North Sea in July 2005, targeting the medium to low risk Marquis prospect in block 21/6b. Elixir has a 15% stake in the block, which is operated by Century Exploration. The Marquis prospect, one of the last undrilled Palaeocene channel plays in the central North Sea, lies on trend with and updip of the giant Forties field. In May 2005, Elixir farmed out 60% of the equity in block 211/22b in the Northern North Sea to Oslo-headquartered DNO. The Norwegian firm will earn its equity by funding 92.5% of the costs of drilling an exploration well on the Jaguar prospect in 2006. This prospect is an Upper Jurassic stratigraphic trap play, which has not been chased on the UK side of the border but has been drilled successfully in Norwegian waters. Jaguar is an analogue to the producing Borg field in the Snorre area of the Norwegian North Sea and could hold several hundred million barrels of reserves.

Elixir also holds a raft of exploration acreage picked up in the UK's recent bid rounds. Elixir bid for the acreage in partnership with private oil and gas concern Granby Enterprises. In the 22nd Offshore Licensing Round, the results of which were announced in September 2004, the alliance was awarded nine blocks and part blocks on a Promote Licence basis. These blocks include 13/19 &13/24c (Elixir's assigned interest 50%); 14/14b (Elixir 50%); 15/13b (Elixir 35%); 9/22 & 9/23c (Elixir 33.3%); and 16/1b (Part), 16/2b (Part) & 9/26 (Part) (Elixir 33.3%). Under the terms of the Promote terms, the block participants have two years to mature a number of prospects to drill-ready status and must then commit to drill in the next two years or drop the licence. Technical work is now underway on this acreage, which the partners plan to market for farm-outs in the September 2005 quarter.

Elixir also plans to take part in the UK's 23rd licensing round, which has opened up a record 1,329 blocks in the North Sea, many of which had previously been off-limits. Elixir plans to be bid in partnership with Granby Enterprises and on its own account. But the company is also hunting for additional farm-in opportunities in the North Sea to ensure it has an inventory of drillable prospects to keep the news flow coming for its UK and Australian investor base. Specifically it is looking for something in the second half of 2005. CEO Russell Langusch says: " There is too big a gap between Marquis and the next planned well (Jaguar in 2006) and interest tends to wane in those periods." The British Government is very keen to get companies to re-enter the North Sea, as the 23rd Licensing Round demonstrates. It has said it thinks that there could be 14 billion barrels of unexploited oil in the North some of it in "pools" too small for the majors to bother with. Elixir has been careful top assemble its acreage on the flanks of existing fields. It clearly to keep up a constant news flow. Given the sophisticated infrastructure in the North Sea, any success with the drill bit should quickly translate in cash flow. The shares have plenty of upside. Buy.

Key Data

EPIC: ELP
Price: 24-27p
Market : AIM and ASX

Stewart Dalby edits the free and definitive resource for those interested in oil exploration stocks - oilbarrel.com. For more details click here

wilbs

Elixir Petroleum Ltd
06 June 2005


6 June, 2005


ISSUE OF OPTIONS

Elixir Petroleum Limited announces the issue and allotment of the following
securities pursuant to its mandate agreements with two entities which
participated in the Company's recent AIM admission:

500,000 A$0.90 options expiring 16 May 2008 issued to RFC Corporate
Finance Limited, pursuant to the Nomad Service Agreement dated 10 November
2004, for services provided as Elixir's AIM Nominated Advisor; and

637,148 24p (A$0.59) options expiring 16 May 2010 issued to Ambrian
Partners Limited ('Ambrian'), pursuant to the AIM Admission Service
Agreement dated 10 November 2004, for financial advisory and broking
services provided by Ambrian.



Russell Langusch
Managing Director
Elixir Petroleum Ltd



+44 207 484 5623 (UK office)
+44 7840 523 771 (UK cell)
+61 411 725 858 (Aust cell)

rlangusch@elixirpetroleum.com


wilbs

Elixir Petroleum Ltd
10 June 2005







9 June, 2005



MARQUIS SPUD DATE IMMINENT



Elixir Petroleum Limited (ASX code: EXR, AIM code: ELP) is pleased to provide an
update on the imminent spudding of its first exploration well in the UK North
Sea.


Century Exploration, the well operator and farminee, has advised that the
Marquis well in Block 21/6b could spud as early as 16th or 17th June or about
two weeks earlier than previous estimates.


The exact timing is dependent on the release of the Bredford Dolphin
semi-submersible drilling rig from its current activities with another operator.
However on present indications this could be as early as late next week.


Elixir has a 15% interest in Block 21/6b and will contribute 10% of the Marquis
well costs. Marquis has the potential to host mid-case reserves of around 144
million barrels of oil, if hydrocarbons are present. It is a Tertiary channel
sand prospect on-trend with and updip from the 2.7 billion barrel Forties oil
field.


The well's planned total depth is 2,000m and it is expected to take about 17-18
days to drill on a troublefree basis. The primary reservoir objective should be
reached around Day 12.



Russell Langusch
Managing Director
Elixir Petroleum Ltd

wilbs

Friday June 10, 3:01 PM
Elixir Petroleum: Marquis Spud Date Imminent
Edited Press Release

LONDON (Dow Jones)--Elixir Petroleum Ltd. said Friday that it will shortly spud its first exploration well in the U.K. North Sea.

ADVERTISEMENT


Century Exploration, the well operator and farminee, has advised that the Marquis well in Block 21/6 billion could spud as early as Jun. 16 or 17, some two weeks earlier than previous estimates.

The exact timing is dependent on the release of the Bredford Dolphin semi-submersible drilling rig from its current activities with another operator. However on present indications this could be as early as late next week, Elixir said.

Elixir has a 15% interest in Block 21/6 billion and will contribute 10% of the Marquis well costs.

Marquis has the potential to host mid-case reserves of around 144 million barrels of oil, if hydrocarbons are present. It is a Tertiary channel sand prospect on-trend with and updip from the 2.7bn barrel Forties oil field.

The well's planned total depth is 2,000 million and it is expected to take about 17-18 days to drill on a troublefree basis. The primary reservoir objective should be reached around Day 12.


Up 7.27% today on very low volume.

wilbs

Elixir Petroleum Ltd
17 June 2005


17 June, 2005

ELIXIR'S UK PARTNER LISTS ON AIM

Elixir Petroleum Ltd (AIM Code: ELP, ASX: EXR) is pleased to advise that its UK
North Sea alliance partner, Granby Oil & Gas plc, recently listed on the London
AIM market.

Granby (AIM Code: GOIL) successfully raised 10 million and was admitted to AIM
on Wednesday, 15 June. At the issue price of 0.84 Granby is capitalised at
around 21.6 million (A$51.8 million).

Given the difficult market conditions experienced over recent weeks and the
adverse publicity surrounding a number of AIM stocks, Granby's capital raising
is a strong endorsement of the Granby-Elixir North Sea exploration portfolio.

With both Elixir and Granby adequately funded following their respective AIM
listings, Elixir looks forward to pursuing joint exploration activity across the
existing 22nd Round blocks and hopefully within successful applications from the
current 23rd Round.

wilbs

Elixir Petroleum Ltd
17 June 2005


16 June, 2005

COMPANY PRESENTATION


Elixir Petroleum Ltd's (AIM Code: ELP, ASX: EXR) Managing Director Russell
Langusch is making a presentation to Australian Investors during briefings over
the next two weeks. The Company presentation can be accessed via the Company's
website
www.elixirpetroleum.com
wilbs

Up 6.78%.

Up 10.17%.

13.56%

Shares in Elixir Petroleum added 4p at 33p after the firm revealed its managing director Russell Langusch is making a presentation to Australian Investors during briefings over the next two weeks.

The firm was also supported by news that its UK North Sea alliance partner, Granby Oil & Gas, recently listed on the Aim market.


http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=401469&in_page_id=3
wilbs

Doh!!!! Wrong thread!!!!

verbal diarrhea or what, and about as nuch talent as a bowlful- dozens of posts to himself and no replies, well bar this , what do they do with their lives?

Hows the short going?

seaquestor, you watch ELP & BOR in the next few months... Theres only one way they are going... Do your own research.......

edit... and the FTSE. Do some research, you will see!!!!!!!!!!!!!!!!!!!!

stick to your fishing, I bet your no good at that either!!!!!

Elixir Petroleum Ltd
20 June 2005




MARQUIS EXPLORATION WELL SPUDS



Elixir Petroleum Ltd (AIM Code: ELP, ASX: EXR) is pleased to advise that its
first North Sea exploration well on the Marquis prospect located in UKCS Block
21/6b has commenced drilling.


Well 21/6b-6 was spudded on 18 June 2005 by the Bredford Dolphin
semi-submersible drilling rig and is operated by Century Exploration (UK)
Limited. As at 6am on 19 June, the well had been drilled to a depth of 198m BRT
(below the rig rotary table).


The well has a planned total depth of 2,000m and is prognosed to take around 18
days to drill. The primary objective, the Palaeocene Forties-Balmoral sands, is
interpreted to be reached at a depth of approximately 1,600m or around Day 12 in
the drilling program.


The well is being drilled as a low cost finder well and will not be flow tested.


Elixir does not intend to make further announcements until the target zone is
intersected, unless significant hydrocarbons are encountered in the interim.


The Company has a 15% interest in Block 21/6b and is contributing 10% of the
Marquis well's estimated total cost of about 3.7 million (A$8.9 million).

Up 2.99% and further to go today.
wilbs

spread 8+%, further to go today?-geddoutahere you fool.

PCF Last week issues an RNS stating that they had been approached in the early stages of a bid. The current valuation is way to low and is about to rocket with the full bid any day. The company is moving back into profit and several broker/tipster recommended it as a buy prior to the bid news

On top of this there is a rumour of a second bidder in the wings going about

This will reach new highs this week, now is the time to get in before it heads toward 100p, current sp is 32p

IMHO