RNS Number:7008N
Elixir Petroleum Ltd
17 June 2005


17 June, 2005

ELIXIR'S UK PARTNER LISTS ON AIM

Elixir Petroleum Ltd (AIM Code: ELP, ASX: EXR) is pleased to advise that its UK
North Sea alliance partner, Granby Oil & Gas plc, recently listed on the London
AIM market.

Granby (AIM Code: GOIL) successfully raised #10 million and was admitted to AIM
on Wednesday, 15 June. At the issue price of #0.84 Granby is capitalised at
around #21.6 million (A$51.8 million).

Given the difficult market conditions experienced over recent weeks and the
adverse publicity surrounding a number of AIM stocks, Granby's capital raising
is a strong endorsement of the Granby-Elixir North Sea exploration portfolio.

With both Elixir and Granby adequately funded following their respective AIM
listings, Elixir looks forward to pursuing joint exploration activity across the
existing 22nd Round blocks and hopefully within successful applications from the
current 23rd Round.


Russell Langusch
Managing Director
Elixir Petroleum Ltd

+44 207 484 5623 (UK office)
+44 7840 523 771 (UK cell)
+61 411 725 858 (Aust cell)
rlangusch@elixirpetroleum.com


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