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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 interests in exploration and appraisal licences in the UK North Sea Elixir also operates a very large exploration permit in the East Paris Basin onshore North-eastern France.
Europe has been targeted by Elixir as a core exploration area based on the view that the region remains highly prospective for oil and gas, including unconventional hydrocarbon resources. The area benefits from low political risk, a very large energy market, attractive fiscal conditions and established oil and gas infrastructure.
The shallow shelf of the Gulf of Mexico is an attractive region in which to pursue appraisal and development opportunities and features a superior operating environment to many other regions, with ready availability of rigs and oil industry services, extensive infrastructure and typically short cycle times to first production. Elixir’s producing fields in the Gulf of Mexico provide the group with cashflow from sales of gas and condensate.
Last updated: 11th March 2014