Elixir Petroleum Share Discussion Threads

[hermana] 29/1/2010 11:38

Drewz,we have turned into a bob hope or a no hope outfit. The North Sea has sank thousands of outfits over the years and fatty brown is to blame for recent demises.

[drewz] 29/1/2010 11:34

if you had a worthwhile asset would you accept ELP shares?

Not in a million years. This company has turned into a shapeless profitless money-burning mess.

[hermana] 29/1/2010 11:28

Agree it is a very hard sell but there a few other operators underwater out there too.

[vg2208] 29/1/2010 11:26

H, More or less agree trouble is if you had a worthwhile asset would you accept ELP shares?

[hermana] 29/1/2010 11:05

Vg,alarmed that cash is under $6.7m. Ross needs to find an acquisition very soon with a seller who will take mainly paper.

[vg2208] 29/1/2010 10:37

h, Leopard relinquished leaves Mulle and Tiger. Can only wait and hope for some positive developments before these go the same way in 2011/2012. Can't see the share price moving short term unless a cash flow positive acquisition is made. At least we are debt free but cash balance is slowly reducing. Some action to progress the coy needs to be taken quickly.

[hermana] 29/1/2010 09:35

Vg,North Sea looks a bust though.

[vg2208] 29/1/2010 09:28

Quarterly update to 31/12/09 available on web site. Small loss made in quarter no real progress with Tiger prospect. Coy looking to expand by seeking acquisitions in USA and Europe.

[vg2208] 22/1/2010 18:08

Hermana

Your comment re creek brings to mind paddles. Update in about ten days time clutching and straws more apt I think. Fingers crossed for some positive news.
Waiting for next chapter at PCI!

[hermana] 19/1/2010 07:27

Jeez,are we totally up the creek now?

[drewz] 15/1/2010 23:20

Leopard was relinquished back to govt as they could not farm out the final tranche to drill before the licence expired. It's gone. Bit the dust. Finished.

[buoyant] 15/1/2010 21:19

Elixir AGM presentation 24 Nov 2009 stated "Outcome of Leopard known within the month" !

[vg2208] 01/11/2009 11:37

Quarterly report available on website. Minor good news re slight increase in oil production but loss made in quarter with consequent decrease in cash on hand. Elixir still seeking partners to explore Tiger and Leopard prospects.

[hermana] 22/10/2009 19:24

Soul,with them also.

[soulsauce] 21/10/2009 10:42

hermana no problem - Selftrade have proved inept with both this and my AAU warrants.

The different excuses they have come up with are beyond belief.

[hermana] 21/10/2009 10:38

Soul,many thanks for that.

[soulsauce] 21/10/2009 08:47

Latest from ELP re' shares and Selftrade:-

Dear Mr xxxxxx,

Thank you for your email of 16 October. I am sorry to hear that you are still having difficulties in dealing with your shareholding in the company.

Computershare have confirmed that all issuer sponsored statements (ie. a document similar to a share certificate) have been posted to the addresses for each shareholder (as advised to the company and recorded in the shareholder register). In your case, Selftrade administers all of the accounts it operates on behalf of clients through a nominee called "L R Nominees". It will be to the address of L R Nominees that the issuer sponsored statement will have been sent by Computershare. If Sefltrade cannot locate this certificate, it will be due to the fact that they have lost/misplaced it, rather than it not having been sent to them.

As mentioned in my email of 20 July, we suggest that as Selftrade has no capacity to trade securities on the ASX, that you request Selftrade remove your Elixir shareholding from their nominee account and have the shares re-registered in your name. A form should be available on the Selftrade website to do this. This will cause a new issuer sponsored certificate to be issued by Computershare which will be in your name and delivered to the address you will have advised in the transfer request.

With the new issuer sponsored certificate, you can then approach any broker who is able to trade securities on the ASX. As described in the covering letter to UK shareholders, Elixir has established an arrangement with WH Ireland who has a relationship with an Australian broker which will allow your securities to be traded on the ASX. Please note that if you choose to use WH Ireland, you will need to become a WH Ireland client in order to trade your Elixir shares (which will involve completing a "know your client form" and other documentation). The contact at WH Ireland is:



WH Ireland Plc

5th Floor

24 Martin Lane

London EC4R 0DR

Contact: Mr John Molynuex

(+44) (0) 207 220 1666

[drago] 20/10/2009 11:47

soul
wasn't paying much attention as my holding now virtually worthless.
cant even put the loss against the cgt i will have to pay on gkp, bummer.

with oil now worth something , maybe a leopard poke might happen

[hermana] 20/10/2009 11:30

soul,we have a % of any upside with former SL licence.

[soulsauce] 19/10/2009 11:22

drago we not in SL anymore!!

[drago] 19/10/2009 11:22

someone has found oil off of siera leone and dana, dnx, has just signed some sort of deal to participate in s l and w africa. can't do any harm even though the leopard is worth nothing and is in an oily area.

[drewz] 16/10/2009 19:18

Well done Soul.

I will do likewise.

Am also thinking of removing my portfolio to another broker. OK their charges are reasonble but their service is poor, sometimes very poor.

[soulsauce] 16/10/2009 17:56

I have received an email from D J Charmichael, the Ozzie arm of WH Ireland:-

Dear xxxxxxx
You need to request for Selftrade to withdraw your holding from the pooled nominee onto an SRN, this process should not take longer than a couple of weeks. They are the only people that can do this as they have control of the nominee and the stock, unfortunately I can't do anything else to help.
If you still don't get anywhere I suggest that you threaten to write to the FSA.

I will be doing both and complaining to the Ombudsman.

[drewz] 15/10/2009 13:26

They seem to believe we will eventually receive holding statements from the ELP registrar in Australia - Computershare - but I have written to both Selftrade and Computershre in Perth WA and Computershare wrote back to say they cannot issue us with individual holding statements as the shares are held in a pooled nominee account in Selftrade's name so Selftrade need to give them the details of our individual holdings.

I have told Selftrade this via email and asked them to get on with it.

[soulsauce] 15/10/2009 13:20

drewz agree.