elixir completes seismic acquisition offshore sierra leone

Elixir Completes Seismic Acquisition Offshore Sierra Leone

06-24-2008

Elixir Petroleum Limited announced the completion of a 1,222 km2 3D seismic acquisition program over Block SL-4, located offshore Sierra Leone.

The survey was completed on time and on budget. The seismic vessel has been released from the location and the final field tapes were received by the seismic contractor in the UK last week. Processing of the 3D data set has commenced and it is expected that the final processed data set will be available before the end of 2008. The data set will then be interpreted by Elixir as Operator during the first quarter of 2009.

Elixir's Managing Director, Andrew Ross said, "As recently appointed operator of Block SL-4, we are delighted that the first in-field activities have been successfully completed on time and on budget. The newly acquired 3D data will allow us to better refine the play types and very large targets previously identified from the existing high quality 2D seismic data set. We look forward to reporting further progress on Block SL-4 in the coming months."