EXR 1.10% 9.2¢ elixir energy limited

prospect inventory

  1. 76 Posts.
    Following EXR press release of October 5 (market down 100 points on that day!) I have made a small compilation of the licence and prospects as much as I can gather from the available information (percentages refer to the EXR stake):

    Northern North Sea (the large high risk prospects)

    211/22b Jaguar propspect 400mbo, 40% farmout to DNO, drilling first half 2006
    211/18b Leopard propspect 350mbo, 100%
    211/8b Panther prospect (lower risk, in proven oil fairway), 130mbo, 80%
    Central North Sea
    16/1b, 16/2b, 9/26, 80mbo, 33.3%
    9/22, 8/23c, two 60-80mbo prospects, 33.3%
    15/13b 200mbo, 35%
    14/14b 75mbo, 37.5%
    14/8a ?, 50%
    14/9a 140mbo shared with 14/14b, 50%
    13/25 multiple prospects, size?, 50%
    13/24 ?, 50%
    13/19, 125 mbo, 50%
    Southern North Sea (gas prospects)
    43/7, 2 prospects, 500bcf total, 33.3%
    44/27b, 140bcf, 33.3%

    The total propsect inventory is 10 oil prospects totalling 927.2mbo potential, net to EXR. Also 3 gas prospects totalling potential 212bcf net to EXR.

    There is possibly more prospects not reported yet and several leads that may be progressed to prospect status in time.

    Nice weekend to all, hoping for a nice bounce in market and oil price next week!
 
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