Share Name Share Symbol Market Type Share ISIN Share Description
Elixir Petroleum LSE:ELP London Ordinary Share AU000000EXR1 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.625p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 0.55

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Date Time Title Posts
27/10/201519:32Prospects for Elixir Petroleum ?3,913
03/3/200918:56ELP with Charts & News-
11/3/200810:46Elixir Petroleum Ltd - DATA1
02/11/200614:16THIRD TIME LUCKY !!!!!!!!!!!!!!!19

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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
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.
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.
drewz: Very promising update - looks like EXR have been quietly burning the midnight oil over recent months on the Moselle data. These 'unconventional' tight gas plays are certianly high risk, and won't be cheap to get out of the ground, if commercial, but could hold significant shareholder value if there's enough gas trapped down there. Definitely worth a few speculative p on the share price.
drewz: Will anything come of this? Must be a decision in the next few weeks: The Tiger data room will close at the end of January 2011, with any potential farmin offers to be submitted prior to the end of Q1, 2011 Also: Netherland Sewell & Associates Inc. has been engaged by the company to provide an independent report of the resource potential of the Moselle permit and it is anticipated that the report will be completed by late Q1 2011. Could be a very significant share price kicker. Or a damp squid?
wakeland: It may prove a blessing in disguise for the share price, AIM seems virtually without regulation, many of the directors of AIM listed companies are fraudsters and are allowed to get away with it on AIM with impunity. It is an exchange in terminal decline because investors are sick of being fleeced thereby depressing the share price..well here's hoping!
soulsauce: From the horses mouth as it were. I see another company is de-listing from Aim today. May be the people who run the Aim market should have heeded the warnings as may be this trickle might turn in to a rush:- Dear Mr xxxxxxxx, Thank you for your email. The decision to de-list from the AIM was not a matter taken lightly by the Board of Elixir Petroleum Ltd and had been under discussion by the Board for about 12 months. The cost to Elixir of maintaining the AIM listing over the past three years has represented a significant part of our total general and administrative costs for the Group per year. Elixir has been dual listed on the AIM since May 2005. The company raised funds on admission, but since that time has not raised further funds from the AIM (the three later raisings were from ASX based investors). The fundraising undertaken in May last year was in fact designed specifically to raise capital from Australia and the UK and coincided with the appointment of new brokers in London. Despite presenting to a large number of potential UK investors, there was no UK support for the issue, the result of which was that we fell somewhat short of our fundraising target. The 26% decline in the closing price on AIM observed overnight was on the back of £7,500 of shares being traded. This is relative to the company's market capitalisation prior to yesterday's close of £3.8m. Yet on the ASX today at the time of writing, there has been no movement in Elixir's share price. This highlights the issue we face with the lack of liquidity on the AIM, and is one of the reasons we believe it is in the best interests of the Company to maintain the single listing on the ASX. We have been patient in reviewing the performance of the AIM market and see no improvement in the foreseeable future. You might be aware that we are one of a number of companies taking this action. We do appreciate the loyalty you have displayed to the company and recognise that the delisting will create some issues with regard to your shareholding, but I do hope that you will continue to support the company and we look forward to having you as a shareholder on the ASX. Kind regards, Andrew Andrew Ross Managing Director Elixir Petroleum Limited
bomfin: P&, I think they want to farm it out for Zero cost. That will probably leave them with about 20% if successful. 10/07(presentation says they'd about £2 million cash) Reckon High Island revenues will cover Pompano to production. So! no! I don't think they need cash. Panther and 21/16 also look quite prospective to me. Watch out for Buccaneer(bcc), listed on ASX, announcing start of drilling on Pompano. That could move ELP share price northward. That announcement should be imminent as ELP AGM presentation expected it before end of year(sorry, presentation said drilling kicking off early January). All IMHO DYOR
robin_of_loxley: Olmert (& Kim) Some good posts from last year on ELP worth reading. Kim, has Tony Alves of Peel Hunt issued an updated view on ELP since as he seemed pretty good last time around. And whats your view on Leopard, in the light of the information below, did the Jaguar failure kill its chances in your view? regards, RoL >>>>>>------------------------------> Kim_Clay - 29 Nov'05 - 08:27 - 65 of 773 "Muness" and "Jaguar" are well known prospects, albeit now with different names and owners. Muness: is Kopervik sand play updip of the 21/4-2 well, from memory the main risk is the trapping mechanism to the west/north west, it is clear it pinches out to the north but there is no well defined dip element to the west that would help create the stratigraphic closure, the only other issue is the depth which is I think 13,000 ft plus. On the whole a worthwhile exploration target. "Jaguar": to be honest this ones a bit of an old chestnut. The main issue being the mechanism for the development of an Upper Jurassic sand in this small sub basin. The only credible source for the sand is the Cormorant ridge to the west. Based on an analysis of the ridge it is difficult to envisage what could have been eroded to provide this sand. Most of the Brent and Triassic section there is intact, with the exception of some obvious erosion towards the Northern end of the ridge. I remember one company tried to calcualte the volume that had been eroded and then work out how much sand could be expected in the hole in front. The answer was very little indeed. Infact they calcualated that even if the eroded section was somehow lifted intact and placed carefully on the backslope of the ridge to the east, there still wasn't enough sand to create a viable play. Additionally the current Dana/Antrim well in the North of the block is drilling a follow up to the 21/22-1 discovery on a small SW/NE ridge. I do not believe that this original well found upper Jurassic sand and this is pretty deep in the basin. Whilst I would never say never, I think the likelihood of Upper Jurassic sand presence here is pretty low. Comparisons with "Buzzard" are, at best, misleading. wassapper - 29 Nov'05 - 19:56 - 68 of 773 Kim that is all very interesting, so if the prognosis is so bad, why are Dana and ELP so keen to spend the money and take the share price hit upon any failure? What do you know that the company geos do not know? Kim_Clay - 30 Nov'05 - 16:35 - 78 of 773 I hold shares in none of these companies, nor do I intend to. Quite simply I know these prospects well. There are always people who take a different technical view, nobody actually knows the answer until the well has been drilled. I'm not here to either play down or play up the prospects to try and manipulate the price in these companies, despite some peoples view to the contrary. I know the business well and so I think I have something to contribute. WRT to the comment on the Dana Well by Wassaper, Dana are chasing a Brent play not an Upper Jurassic play updip from a discovery in the Brent. (interestingly they didn't farm in to the Causeway prospect) FWIW here is my prediction for the wells going down in this area Muness Well: - Dry, Reservoir encountered no gas/condensate. Jaguar: - Minor Oil shows no reservoir developed. Clachnaban - (Dana Well) Oil Discovery, tests oil. Causeway Prospect (211/22a): Small Oil discovery, possibly sub commercial. This prospect requires a fault seal to the NE and analysis of the fault would suggest that there is sand/sand juxtaposition across the fault i.e potentially breaches the trap, although it could seal. Feel free to tell me I got it wrong after the event: most people usually are. Kim_Clay - 30 Nov'05 - 17:34 - 81 of 773 As I said, Different folks come to different conclusions based on the information available to them. DNO obviously think the risk is worth the reward. I just don't happen to agree based on the information I am familiar with, thats all. Obviously Elixir are free carried and so it shouldn't matter to them financially. Although the folks at WHAM might not agree that this is the case when it comes to your share price! and after all that is what matters to investors. Kim_Clay - 20 Dec'05 - 14:34 - 114 of 773 FWIW here was my prediction for the wells going down in this area Muness Well: - Dry, Reservoir encountered no gas/condensate. - - CORRECT Jaguar: - Minor Oil shows no reservoir developed. Clachnaban - (Dana Well) Oil Discovery, tests oil. - - WRONG Causeway Prospect (211/22a): Small Oil discovery, possibly sub commercial. This prospect requires a fault seal to the NE and analysis of the fault would suggest that there is sand/sand juxtaposition across the fault i.e potentially breaches the trap, although it could seal. 50:50 to date. DesWalker - 28 Feb'06 - 14:40 - 815 of 2071 Kim, Have you any thoughts on the prospectivity of 211/18b ("Leopard") and 211/8b ("Panther") ? The former is supposed to be a Jaguar lookalike but up-dip and consequently lower risk. Care to make a prediction about this in the light of this morning's news ? Do you see this prospect as a non-starter now or should it be regarded fairly independently of the Jaguar result ? Thks for any thoughts. Des Kim_Clay - 28 Feb'06 - 22:26 - 868 of 2071 Edgein, Perhaps you might be prepared to listen to the professionals. Tony Alves, the highly respected O&G analyst from KBC Peel Hunt just about sums it up when he made these comments in his note on Elixir 25th Jan. when the share price was 38/39p............ "Jaguar is a relatively deeply buried (4000 metre) upper and middle Jurassic prospect. It was assessed by ERC as having potential reserves of 126 mmbbl with a 13% chance of success in the Elixir AIM listing document. In more recent presentations by Elixir, the prospect size has been quoted at 470 mmbbl and chance of success at 25%. The key risk factors for this prospect are reservoir presence (in sufficient volumes) and quality. The deeper buried Jurassic reservoirs in nearby fields are also known to be of poor productivity. This is known technically as a killer well – it will either make or break the prospectivity of a lot of follow-on prospects all named after various big cats (Panther, Leopard etc.) to which Elixir ascribes 181 million barrels out of a total of 239 million barrels (i.e. 75%) of "risked resources". With high optimism for positive news flow, the shares have risen strongly....... Jaguar is a make-or-break situation for the share price. Given the relatively low likelihood of success at the higher reserve number (not many seem to agree with the 25% probability of success), holding these shares at the current price is highly speculative. If Jaguar is dry we would suggest that the Elixir share price should trade down to 15p to get back to parity with Granby(84p)of course, the financial risk to the company is low and there is a substantial portfolio of other prospects but there is a good deal of hope value in the current share price. If the well is an unqualified success, the shares will clearly rise a lot. Granby benefits indirectly via its holding of 7.1 million shares and options in Elixir." Tony Alves KBC Peel Hunt.
theshareguru: I wouldn't be surprised to see a reverse takeover, over a private company using elixir quote, can only be good for elp share price, or as mentioned a production buy.
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