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.

The UK North Sea has been targeted by Elixir as a core exploration area based on the view that the UK Continental Shelf remains highly prospective for oil and gas. The area benefits from low political risk, attractive fiscal conditions and established oil and gas infrastructure. In addition, changes to the UK licensing regime in 2003 provided improved access for junior explorers and created the opportunity for Elixir to rapidly build an exciting portfolio with exposure to meaningful exploration and appraisal targets in the region.

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.