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Last A$0.0010 AUD
Change Today 0.00 / 0.00%
Volume 0.0
EXR On Other Exchanges
As of 11:22 PM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

elixir petroleum ltd (EXR) Snapshot

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52 Week High
10/23/14 - A$0.0050
52 Week Low
01/29/15 - A$0.0010
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Current Stock Chart for ELIXIR PETROLEUM LTD (EXR)

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elixir petroleum ltd (EXR) Details

Elixir Petroleum Limited engages in the exploration of oil and gas properties in the United States and France. The company holds 100% interest in the Moselle permit located in north-eastern France; and 50% interest in the Petra project covering an area of 14,455 net acres located in Washington County, Colorado. Elixir Petroleum Limited is headquartered in West Perth, Australia.

elixir petroleum ltd (EXR) Top Compensated Officers

Managing Director, Interim Company Secretary ...
Total Annual Compensation: A$263.8K
Compensation as of Fiscal Year 2015.

elixir petroleum ltd (EXR) Key Developments

Elixir Petroleum Limited Announces Executive Changes

Elixir Petroleum Limited announced that Mark O'Clery has tendered his resignation as a Director of the company effective 30 September 2015. In addition, Nick Ong has also tendered his resignation as Company Secretary. Ong will not be replaced and Dougal Ferguson, the Managing Director, will perform the duties of the Company Secretary during the interim period.

Elixir Petroleum Limited Announces Extension of Farm-In Agreement with Apollo

Elixir Petroleum Limited announced that it has agreed with its Petra Project partner (Apollo) to extend the term of the farm-in agreement by six months to 31 December 2016, thereby providing additional flexibility to Elixir during the current environment of uncertain and fluctuating oil prices. In addition, Elixir and Apollo have agreed to defer any commitment for further exploration expenditure on the Petra Project until after 31 March 2016. The amendment to the agreement provides substantial flexibility over the next 12-15 months with no exploration expenditure commitment during the next seven months for Elixir. However should circumstances change, such as nearby Nighthawk drilling success or sustained improvement in oil prices, the drilling campaign could commence immediately. Elixir has the benefit of already having two wells permitted (with a third pending) on the Rodwell Prospect and operating in an area where drilling rigs can be mobilised at very low cost and very short notice. Elixir continues to closely monitor both regional drilling activity and the oil price environment, and the Joint Venture now has the flexibility to either commit to drilling in the short term or defer drilling until 2016. During this period of potentially low activity, the Directors (including the Managing Director) have agreed, subject to shareholder approval, to take 50% of their director's fees in equity as a means of preserving cash, whilst at the same time, showing their further commitment to the company.

Elixir Petroleum Limited Announces Change in its Principal Place of Business and Registered Office

Elixir Petroleum Limited advised that it has changed its principal place of business and registered office to Level 2, 41-47 Colin Street, West Perth - WA 6005. In addition, the postal address will change to: PO Box 1070 West Perth - WA 6872.


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