ELIXIR ENERGY LIMITED — Major Shareholding Notification 2004

Oct 12, 2004

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529 e 1/2 15 July 2001	603
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	Form 603 Corporations Act 2001 Section 671B
	Notice of initial substantial holder
To., Company Name/Scheme	ELIXIR PETROLEUM LIMITED
ACN/ASSES	1082091
'. Details of substantial holder (1) Name ACN/ARSN (if applicable)	RAS ENERGY FUND LIMITED
The holder became a substantial bolder on	61000
2. Details at voting power	The total number of votes attached to all the voting shares in the company or voting laterests in the scheme then the substantial holder or an associate (2) had a spiewent interest (3) in on the date the substantial holder became a substantial indider are as follows:

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. .	Number of somalities		________ name IR)
	8.000.00O .
.	_________	. A A 440 - 100 - 100 - 100

1. Details of referent interests

Ì.

The habre of the relation interest the substantial holder or an associate had in the fallowing waling securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of refevant lannoss (7)	Closs and number of securities
RAS ENERCY FUNIO LIMITED!		3.000,000
---------------------	.

4. Dutails of present registered holders

The persons registered as heritars of the securities referred to in paragraph 3 above are as follows:

Notifier of network. Interest	Registered holder of SACUTILIAS	Person entitled to be reqistered as holder (B)	Class and survey of securities
КK ENERLY 反応的	WESTAK CUSTORIAN		3.000.000
ムかけとひ	NOMMEES LWITH		OŜA

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above. and acquired in the four months prior to the day that the substantial holder became a SASATINAME IS AS TO HAVE!

Holder of relevant interest	Data of accusation	Consideration (8)	Class and number of securities
		Non-cash ೧ಕಾಗಿ
rac Frieken الصمعنا	lou u	DS0.000	XX.000
ムレヘマクロ			೧೭೦

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	Contract Contract	やくいさんけいしば	603 page 2/2 15 July 2001
& Associates		The fections the persons furned in paragraph 3 above are associates of the substantial holder are as follows:
	Nama and ACN/ARSN (if applicable)	Nature of association
7. Addresses	The addresses of persons named in this form are as follows:
	Name	Address
Signature	the company of the company of
		OU BEAMING RAS breef tons
	print name Graval Wasser		GENERAL MARGE + AUTHORISED
	sign here-s
		DRECTIONS
N		equity trust, the names could be included in an amenum to the form. If the relevant interests of a group of persons are exceptially similar, they may be reformd to	If there are a number of substantial holders with similar or related relevant interests (eg, a corporation and (to tolated corporations, or the manager and stustoe of an
Íom.			throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the
Ø.	See the sellultion of "associate" in section 9 of the Corporations Act 2001.
		See the definition of "relovant interest" in sections 608 and 6718(?) of the Corporations Act 2001.
	The voting shares of a company constitute one class unless divided into separate classes.
	incretin.		The total number of vous exached to all the voting shares in the sompany or woting interests in the scheme (if any) that the poison or an associate has a relevint
	The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
	Include details of:
ы		this form, together with a written statement certifying this contract, scheme or artengement; and	any relevant agreement or other circumstances by which the relevant knerest was applied. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the porson giving full and accurate statis of any contract scheme or amangement, must accompany
神			ary qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the societies to
	See the definition of Yelesark agreement' in section 9 of the Corporations Act 2001,	which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
			If the substantial holder is unable to determine the identity of the person (eg. if the relevant budned arises because of an option) write "univerwa".
	the relevant interest was expulsed.		Detais of the consideration must fromdo any and all benefits, money and other, that any parsan form whom a relevant interest was ocquired has, or may, become errited to most on retarion to that acquisition. Details must be induced even if the benefit is conditioned on the happening of not of a contingency. Details must be induced of any benefit pald on banall of the substantial holder or its associate in relation to the acquisitions, even it they are not paid onestly to the person from whom
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