Project Profile
Location: Inner Moray Firth area of the UK North Sea, about 150 kilometres northeast of Inverness
Water Depth: 75 metres
Relinquishment: February, 2014
The Seaward licence covers Blocks 12/18 and 12/19c which lie in the Inner Moray Firth area of the UK North Sea, about 150 kilometres northeast of Inverness, in a water depth of roughly 75 metres. Elixir has already identified the Sunset prospect within the licence area which lies in the Middle Jurassic Beatrice formation on the northern edge of the Smith Bank High. The company hopes to move the Sunset prospect to drill ready status next year in 2013.
Operators:
Adriatic Oil: Operator with 80% interest
Elixir Petroleum Ltd: 20% interest