25 Jan 2006director officer appointment● Neutral
Deputy Chairman Don Maloney, founder chairman and a director since incorporation, resigned immediately for personal reasons. Dr John Robertson remains Chairman and Russell Langusch Managing Director.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Jan 2006drilling spud● NeutralMajor
The Jaguar well (211/22b-5) spudded on 23 January 2006 using the Bredford Dolphin rig, with about 45 days of drilling planned to roughly 4,000m. Elixir keeps a 40% interest and will not update until the target is reached.
20 Jan 2006drilling scheduled● Neutral
Drilling is expected to start within a week on the Jaguar well in North Sea Block 211/22b, targeting about 4,000m. Elixir holds 40% but pays only 7.5% of costs under the DNO farm-in; the prospect could hold several hundred million barrels if oil-bearing.