(MENAFN- ProactiveInvestors)
() has completed 2D seismic over the Petra Project in Washington County Colorado.
Processing of the data is currently underway and its integration into the company’s data set will be completed mid to late March 2015.
The detailed interpretation of the new data together with the existing data set will further enhance Elixir’s understanding of the structures in this core area of the Petra Project.
The company has a 50% interest in the project which lies within a proven onshore oil play in a low cost and low risk operating environment.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.