Slide 1: UKCS 22nd Offshore Licensing Round Offers
Ve 7 = elitr evmtentenien Bonet ASX Announcement - 1 October:2004 Elixir Petroleum Limited (EXR) UKCS 22% Offshore Licensing Round Offers October 2004 :
Slide 2: Location of Elixir Portfolio
Location of Elixir Portfolio Smears $4 a = elixir | putin deste Elixir Petroleum ‘Area. of main map {22nd Round awards} Elixt Petroleum: {27st Round awards) [=] omer ticencedt Acreage Unlicenced Acreage : {pta-22nd Round awards) & oi ried Gas Field @D Condensate Field . 0 Kilometers Blocks EXR Assig
Slide 3: 9/22 & 9/23c: Location & Regional Setting
9/22 & 9/23c: Location & Regional Setting 4 (EXR 33.3% assigned interest) . : elixir petroleian frnitect «On western margin of Viking Graben. +230km NE of St. Fergus | «Water depth 110m __ + Nearest oil production — Harding (221 mmbo) and Gryphon (183. mmbo) fields « Updip westerly position on Palae
Slide 4: Block 9/22: Geoseismic Section through Tertiary Prospect
Block 9/22: Geoseismic Section through Tertiary Prospect 4 in : seenaeeriaeee teeta: elixir parkroleten fivitect Prospect HM1 wsw p ENE 4.0 see 1.0 sec 2.0 see Top Andrew noses | ‘Top Cretaceous sn Top Jurassic Yop Zechstola Skms
Slide 5: 9/26, 16/1b & 16/2b: Location & Regional Setting
“9/26, 16/1b & 16/2b: Location & Regional Setting ae (EXR 3: 33.3% assigned interest). . - elixir eo fret «On west flank of Viking Graben + 210km NE of St. Fergus +.Water depth 120m + 25km NW of Brae field complex : *.35km SW of Harding and Gryphon fields +» Nearest analogue — 60 mmbo West Brae
Slide 6: Blocks 9/26, 16/1b & 16/2b: Example Map of a Tertiary Prospect
“Blocks 9/26, 16/1b & 16/2b: Example Map of.a Tertiary Prospect 0 Kilometers 5 + Eocene Flugga channel ~'e Fairly robust closure = Channelised sandstones + Shows in Tertiary, Devonian and Jurassic. on-block * Expect 16 — 22 API Oil elise pre gene Bes
Slide 7: 15/13b: Location & Regional Setting
15/13b: Location & Regional Setting (EXR 35% assigned interest). : elixir Pyptroteure Sevitord * Outer Moray Firth, on southern flank of Fladen-Ground Spur, north of Witeh - Ground Graben *.170km NE of St Fergus + Water depth 450m + Nearest oil production = Talisman operated Piper Field (20km) + Oil
Slide 8: Block 15/13b: Piper Formation Well Correlation
4 elixir potroteuse frye Block 15/1 3b: Piper Formation Well Correlation West a oo . . East . 15/13-3 “1632 os 1813-4 : ..) “15/13b Top Jurassic wo © : ° Base iPS : 5 " 15/134 6700 bopd : 34 deg API —s Well correlation showing Jurassic:sands. on Block 15/13.
Slide 9: Blocks 15/13b: Jurassic & Tertiary Objectives
Blocks 15/13b : Jurassic & Tertiary Objectives elixir pindrotene fom! _Jurassic sands Tertiary sands Formation] Group | Age WD = 150m, Formation] Group > a oO ° WD = 150m Miocene - Recent Miocene - Recent — % @ = te B $ 500 ‘ 3 g 4 ce aS 8 a w & 8 2 2 g w o :S] OC & | ® x 3 Bo) E 19 oc = ey Pp S a S
Slide 10: Block 15/13b: Zechstein Objectives
Block 15/13b : Zechstein Objectives South “18/132 elixir prelrolence fonts on : ace North 15/13b-5 Hf
Slide 11: 14/14b: Location & Regional Setting
14/14b: Location & Regional Setting go -_ (EXR 50% assigned interest) . elpar | spakenigune feria e + Outer Moray Firth «140km NE of St. Fergus + Water depth 130m ¢ Nearest oil production ~ 1.4 billion barrels in- place Claymore Field (18km).---.
Slide 12: Block 14/14b: Geoseismic Section through Jurassic Fault Blocks
Block 14/1 4b: Geoseismic Section through Jurassic Fault Blocks 4 elixir pretroleen fonitct Prospect Ji Prospect J1 Prospect Ji (southern culmination) (central culmination) {northern culmination) sw NE 1.0 sec 1.0 sec 2.0 sec [-2.0 sec Yop Balder Yop Lista ‘top Chatk ‘Top Jurassic. Top Triassic Yor
Slide 13: Block 14/14b: Prospect J1 Stratigraphic Column
Block 14/14b: Prospect J1 Stratigraphic Column Formation) Group | Age WD = 130m 0 ge | = Ss &§ | & bes o 8 ee | os Q os x 3 xz ° Q Baicer Eq. = n o ry oo oe i ir 8 g 8 i S s 5 Ww a w = 2 = 2 = Lista ar) ou iS oO Ww = s) ) Andrew / 2 & Maureen 4 Qo Chalk | Cret. mm. Clay) Humber Sgiath Eq. Jur. Pentl
Slide 14: 13/19 & 13/24c: Location & Regional Setting
13/19 & 13/24c: Location & Regional Setting — $ 7 (EXR 50% assigned interest)” elpur. Rpkrolsuer frritect * Moray Firth — between Halibut Shelf and Halibut Horst * 85km N of St. Fergus * Water depth 105m_ » Nearest oil production ~ Captain (25km),1. billion barrels in-place :
Slide 15: Blocks 13/19 & 13/24c: Geoseismic Section through Jurassic Prospect
elie pratsoloun Zaitect Blocks 13/19 & 13/24c: Geoseismic Section through Jurassic Prospect. 4 sea 1BN19-2 sw ” NE ‘Top Lower Cretaseous Top Jurassic Top Triassic Top Devonian ‘Yop Silurian 2.0 sec }-2.0 sec Skms 19-3 believed to have been drilled outside of small closure. Successful downthrown trap