Elixir Petroleum

Capex

Future Plans

US Gulf of Mexico
• Continuing production from High Island, growing production from Pompano
• Wells 3 and 4 to be drilled at Pompano
• Progress Redfish project
• Acquisition of interests in further appraisal/development projects in the GOM

North Sea
• Farm out and drill Leopard Prospect - 350+ MMBbl target in 2009
• Farm out Mulle appraisal programme and prepare for drilling mid-2009
• Farm out Bobcat prospects - look to drill in 2009
• Results from UKCS 25th Licensing Round in late Q4, 2008

Sierra Leone
• 3D seismic interpretation through to year end
• Farm out drill ready prospects from Q1, 2009

New Opportunities
• Funded to pursue opportunities within and outside existing portfolio

Reserves

Who's Who

Offices