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ELIXIR ENERGY LIMITED — Capital/Financing Update 2016
Jun 19, 2016
64893_rns_2016-06-19_f1772343-fcc7-4df2-914e-b525a8b73802.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
20 June 2016
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CLIFF HEAD SALE
Elixir Petroleum Limited (ASX:EXR) notes the announcement that AWE Limited ( AWE ) has entered into an agreement with Triangle Energy Limited (Triangle) ( ASX:TEG ) for the sale of AWE’s 57.5% Working Interest in the Cliff Head oil field located in the Perth Basin, Western Australia.
Elixir’s Board is further disappointed to read that AWE and Triangle have concluded a transaction with respect to the acquisition of the Cliff Head oil field, particularly given discussions earlier this year between Elixir and Triangle in relation to Triangle’s potential participation in this project with Elixir. Elixir is currently reviewing its legal position with respect to those discussions.
For further enquiries, please contact: Dougal Ferguson Managing Director +61 (8) 9226 2111
For further information on Elixir Petroleum, please visit the Company's website at www.elixirpetroleum.com
ASX CODE: EXR
Elixir Petroleum Limited
ABN 51 108 230 995 Level 2, 41-47 Colin Street WEST PERTH WA 6005, AUSTRALIA T: +61 8 9226 E: [email protected]
017-8123-5911/1/AUSTRALIA