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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Elixir Pet. | LSE:ELP | London | Ordinary Share | AU000000EXR1 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.625 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.625 | GBX |
Elixir Petroleum (ELP) Share Charts1 Year Elixir Petroleum Chart |
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1 Month Elixir Petroleum Chart |
Intraday Elixir Petroleum Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/10/2015 | 19:32 | Prospects for Elixir Petroleum ? | 3,913 |
| 03/3/2009 | 18:56 | ELP with Charts & News | - |
| 11/3/2008 | 10:46 | Elixir Petroleum Ltd - DATA | 1 |
| 02/1/2007 | 18:35 | ELIXIR PETROLEUM (ELP): DISCUSSION AND CHART THREAD (moderated) | 60 |
| 02/11/2006 | 14:16 | THIRD TIME LUCKY !!!!!!!!!!!!!!! | 19 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 27/10/2015 19:32 by wakeland Life in the old dog yet! might get a few quid back one day!Elixir Petroleum Ltd. reported Monday that it has signed an agreement with AWE Limited to acquire its 57.5 percent working interest in the Cliff Head oil field, located in the offshore Perth Basin, Western Australia. This acquisition will be transformational to Elixir and catapults the Company into the ranks of only a handful of Western Australian ASX listed oil producers, providing shareholders with significant leverage to oil prices in addition to infield drilling, enhanced oil recovery potential and near field exploration and appraisal opportunities. This acquisition is the culmination of an exhaustive assessment of various opportunities that have been reviewed over the last 6-9 months and is consistent with the Company’s previously stated objective of targeting low risk production and appraisal acquisitions in OECD countries. The Cliff Head Oil Field is located about 186 miles (300 kilometers) north of Perth and is well known to Management and the Board, with both the Chairman and Managing Director having prior involvement in the asset in previous executive roles with Voyager Energy and ARC Energy respectively. Cliff Head, the first commercial oil discovery in the offshore Perth Basin, was discovered in 2001 by a ROC Oil led Joint Venture, with first production commencing in May 2006. To date the field has produced over 14.5 million barrels and continues to produce at above originally forecast rates. The oil is produced through an offshore platform (CHA) with the fluids piped 8.7 miles (14 kilometers) to an onshore processing facility (Arrowsmith). Oil is then trucked to the BP Kwinana oil refinery south of Perth. The Cliff Head Oil Field is operated by ROC Oil (a subsidiary of Fosun International Limited) who has been the Operator of the project since prior to the initial discovery well being drilled. ROC Oil has a small operations office in Perth providing the opportunity for Elixir to develop a close working relationship with the Operator. For Elixir, the acquisition will transform the Company into one of only a handful of Western Australian ASX listed oil producers. The forecast cash flow together with the significant leverage to an even modest improvement in oil prices will provide Elixir with the ability to fund other exploration and new business activities, including the Company’s low cost but high impact Petra Project in Colorado. On completion of the acquisition, which has an effective date of Oct. 1, Elixir will pay $0.72 million (AUD 1 million) adjusted for any working capital differences between the effective date and completion. In addition, over the next five financial years, where the Cliff Head Oil Field generates net cash flow over and above $2.18 million (AUD 3 million) net to Elixir, AWE will receive 25 percent of that excess net cash flow capped at $6.52 million (AUD 9 million) in aggregate. Based on Elixir’s forecast oil prices, production profiles, operating and capital cost estimates, the cash flow generated from the remaining 2P reserves at Cliff Head is adequate to fund future abandonment of the field which is not scheduled to occur until 2026. Any increase in oil price, lowering of production costs or implementation of field life extension projects materially improve the economics and will likely extend the field life beyond 2026. AWE has granted Elixir an exclusivity period in which to conclude its due diligence on the project. Upon expiry of the initial exclusivity period Nov. 30, Elixir will be required to pay a 10 percent non-refundable deposit to extend the exclusivity period to Dec. 24. The acquisition is subject to the usual conditions precedent, including Elixir finalizing technical and commercial due diligence, Elixir securing at least $2.18 million (AUD 3 million) in funding and Elixir and AWE procuring all necessary regulatory and joint venture approvals and consents, with settlement of the acquisition expected to occur on or before Feb. 15, 2016. In conjunction with the acquisition, the Company will undertake a small capital raise together with an SPP to supplement working capital while Elixir progresses towards completing the acquisition. Further details of the capital raise and associated SPP will be announced in due course. Managing Director, Dougal Ferguson commented: "It is extremely pleasing to secure such a transformational acquisition for Elixir in what has been a very challenging year for both the Company and our shareholders. For Elixir to secure an agreement to acquire a material producing asset with a minimal up-front acquisition cost is a testament to the hard work we have put in over the last 6-9 months in what has been a very difficult environment. This acquisition is totally consistent with our stated objectives of seeking low risk production and appraisal assets and is a first step in the transition of our portfolio from purely exploration to a balanced mix of production, appraisal and exploration opportunities. Acquiring a 57.5 percent working interest in the Cliff Head Oil Field provides us with not only the ability to leverage ourselves to oil price but also the flexibility to introduce additional partner(s) at the right time if we feel the need to do so. Meanwhile, we fully expect our low cost but high impact Petra Project in Colorado will be able to be funded from the free cash flow generated from Cliff Head. Acquiring Cliff Head is a 'game changer' for Elixir and with appropriate risk management going forward, will provide the Company with an excellent cash flow base for many years to come." |
Posted at 17/1/2013 13:53 by drewz No, not really anything earth-moving yet. Just says they've opened data room and interested un-named parties are examining the prospects to consider farm-inability. Reiterate 2 zones with potential for conventional un-fracced drilling to produce a lot of gas (if not just hot air).So we must sit and await developments, as per usual with ELP. |
Posted at 20/8/2012 06:52 by norman115 Good to see that Mr Ross has increased his share holding. |
Posted at 09/3/2012 14:11 by hermana3 Norm,I use Selftrade but they dont do a market in ELP. Think they recommended WH Ireland for such a thing. The only other oz stock I have owned is Anaconda Mining and turned out to be a right mutt. |
Posted at 09/3/2012 14:02 by norman115 Hermana,With reference to post 3860, which broker do you use for dealing in overseas stocks? The only reason why I ask is because I use TD Direct and I am able to take up the full allocation in the fund raising through them. I have a portfolio of ASX stocks and participating in rights issues and fund raisings has never been a problem. Nice to see some appreciation in the share price from the recent lows. It is good to have NSE on board as a new investor. All the best Norman |
Posted at 02/3/2012 12:34 by hermana3 Placing price is ok but no allocation once again for non oz and kiwi. |
Posted at 18/2/2012 02:58 by coincall This new info looks good for ELP/EXR. |
Posted at 28/1/2012 09:07 by norman115 Hermana, I could'nt agree more! It is certainly not the fault of shareholders that the share price is hovering just above the level of 3 cents. The Quarterly Report should be due next week. |
Posted at 28/12/2011 19:28 by norman115 Elixir had a very promising start in 2011 with the share price going past 20 cents. However, it did'nt last for long. The fraccing ban in France has taken its toll on the share price. The failure to farmout Tiger has just about capped it off.Lets hope that 2012 is a better year. Hopefully, there will be good news on the farmout of Mosselle with a free carry for Elixir based on a multiple well drilling programme. Further down the line, the French Government will not be able to ignore the enormous potential of uncoventional resources in their country. A happy and prosperous new year to everyone. |
Posted at 28/11/2011 22:30 by extrap 'Europeans may care passionately about the environment, but they also care about the security of their energy supply, and its price': |
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