Elixir Petroleum Limited has provided an update on matters associated with Block SL-4, located offshore the Republic of Sierra Leone, of which it is the operator and 15% working interest holder. Elixir has issued a notice of default to Prontinal Limited, its joint venture partner in Block SL-4. The notice of default relates to the failure on the part of Prontinal to meet outstanding payments with respect to the 3D seismic acquisition project which was recently concluded over the license. As a result of Prontinal's default, a letter of demand has been received by a subsidiary of Elixir from the seismic contractor in relation to the unpaid amount of approximately US $9 million...more...