ELP Elixir Pet.

    RNS Number : 0731D
  Elixir Petroleum Ltd
  10 September 2008
   
    Elixir Petroleum Limited
    (AIM : ELP)

    10 September 2008

    OPERATIONS UPDATE

    Elixir Petroleum Limited ("Elixir", ASX:EXR, AIM:ELP), the international oil and gas exploration and production company, is pleased to
provide an operations update.

    Hurricane Gustav and Hurricane Ike

    Elixir's operations at the High Island and Pompano projects located in the Gulf of Mexico were not adversely affected by the passage of
Hurricane Gustav through the Gulf of Mexico last week. As a precautionary measure, the High Island field was shut-in for a period of about
four days and personnel withdrawn from the connected offshore installations. However, operations at High Island have now resumed with both
wells back on production at a combined rate of approximately 4MMscf of gas per day and 200 barrels of condensate per day.  

    Production was not shut-in at the Pompano field as it was outside the area affected by Hurricane Gustav.

    The operator at the Pompano Project has also reported that the Hercules 152 jack-up drilling rig, which is contracted to drill the third
development well at Pompano, was similarly not damaged by Hurricane Gustav although it was down-manned. 

    Hurricane Ike has recently entered the Gulf region and is presently being closely watched. We have been advised that the Hercules 152
rig will again be down-manned as a precaution and this will delay the mobilisation of the rig to the Pompano location. We will keep the
market advised of developments in relation to the passage of Hurricane Ike and the likely spud date for the third development well at the
Pompano Project.

    Mulle Data Room

    Elixir is also pleased to report that the proposed appraisal programme for the Mulle project has been finalised and a data room in
relation to the project has opened. A number of companies have been invited to enter the data room for the purpose of partnering the
existing Mulle participants in the appraisal of the field.

    The Mulle appraisal project is located in the Northern Sector of the UK North Sea. Mulle was discovered through the drilling of an
exploration well in the 1970's which encountered a 17m gross oil column in the Middle Jurassic Brent Group reservoirs, but was not flow
tested at the time. 

    Elixir holds a 40% interest in Block 211/22b which contains the Mulle accumulation.

    For further information, please visit Elixir's website at www.elixirpetroleum.com or contact:
 Elixir Petroleum Limited
 Alex Neuling                                       Blue Oar Securities Plc
 Tel: (+61) 8 9440 2650                            Jerry Keen / Olly Cairns
                                     Tel: (+44) 207 448 4400 / (+61) 8 6430
                                                                       1631


 Conduit PR
 Jonathan Charles / Sarah
 Alexander
 Tel: (+44) 207 429 6666



This information is provided by RNS
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