Elixir: First Production 'Imminent' at Pompano

Elixir Petroleum Limited has been informed by the operator of the Pompano Gas Project, AnaTexas Offshore Inc, that the existing in-field flow lines between the 'B' Caisson and the 'A' Production Platform have been successfully pressure tested and connected to the dual string completion on Well SL 103229 #1 ("Well #1").

As a result, the Operator estimates that gas production from Well #1 should commence in the next 7 days. Well #1 will initially be flowed from the 6700A sands and the B sands.

Minor additional refurbishment and retrofitting activities to the processing facilities will continue following the commencement of production from Well #1.