Elixir completes Petra project seismic

THE ROADHOUSE BOWSER: Elixir Petroleum (ASX: EXR) announced the acquisition of a proprietary 2D seismic survey on the company’s Petra project, located in Washington County, Colorado USA.

The company said approximately 35 kilometres of seismic acquisition was completed with no incidents, on time and within budget.

Based on quality assurance undertaken during the shooting of the survey, Elixir said it considers the data quality to be very good, adding conditions for the acquisition were ideal, with winter conditions providing a good seismic response.

Elixir indicated the data is currently being processed and integration of the new data into the company’s data set will be completed mid to late March 2015.

The company anticipates the detailed interpretation of the new data together with the existing data set will further enhance its understanding of the structures in this core area of the Petra project.

“The seismic shoot was undertaken without a hitch by our Denver based partner and further adds to their already proven operating capability,” Elixir Petroleum managing director Dougal Ferguson said in the company’s announcement to the Australian Securities Exchange.

“We eagerly await the integration and interpretation of the full data set which will allow both Elixir and Apollo to determine the next stage of the exploration program.

“The completion of this survey is yet another milestone we have accomplished in less than six months from the initial acquisition of the Petra project.”

Email: info@elixirpetroleum.com

Website: www.elixirpetroleum.com