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Elixir finalises Leopard farmout with RWE.

Elixir Petroleum (AIM:ELP ASX:EXR) has finalised and signed the farmout agreement with RWE Dea UK SNS Limited for the UKCS Block 211/18b, exploration well in the Northern part of the North Sea. RWE will contribute to the cost of drilling th

Proactive

Elixir Petroleum (AIM:ELP ASX:EXR) has finalised and signed the farmout agreement with RWE Dea UK SNS Limited for the UKCS Block 211/18b, exploration well in the Northern part of the North Sea.

RWE will contribute to the cost of drilling the exploration well on the Leopard prospect to secure a 30% interest in Block 211/18b. Following RWE's farmin the interest holders in the licence will be: Elixir 56% RWE 30% Sosina 14%.

Elixir’s share price remained unchanged on the anticipated news.