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Energy

Elixir Petroleum commences drilling on Guinea Prsopect, North Sea

Elixir Petroleum (ASX: EXR, AIM: ELP) slipped slightly this morning despite announcing that drilling operations had commenced on its Guinea prospect on Block 15/13b in the North Sea. Drilling time is expected to be around twenty days assumi

Proactive

Elixir Petroleum (ASX: EXR, AIM: ELP) slipped slightly this morning despite announcing that drilling operations had commenced on its Guinea prospect on Block 15/13b in the North Sea.

Drilling time is expected to be around twenty days assuming no hiccups. Elixir has a 13.125% interest in the well, and the costs of the well are being fully funded by Elixir's partners, Nexen and Gas Plus Italiana SpA.