Prospects for Elixir Petroleum ?

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Edgein - Tue, 02 Jan 07 :

Curry,

Just the start of things to come, give us 2 weeks and we'll be seeing some more of that. We are drilling a 90mmbbls prospect (13.125% interest)(GOIL's estimates on Guinea are higher still) and we're valued just above £10m. This could be a very good year for ELP. We hit 17m of oil in the Brent in Jaguar and it was possibly a migration pathway for the oil there and we might see another drill on the licence. there is an estimated 3 wells to be drilled here this year. Anglesey farmout is expected next up and possibly panther this year too, most likely both free carried.

Regards,
Ed.


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