XCD Energy Limited

elixir petroleum limited is an asx listed (exr) international oil and gas exploration company with operations in mongolia, the united states and france. elixir has been actively pursuing its acquisition of golden horde limited (“goh”) together with other new venture opportunities that have the scale and leverage to attract the necessary exploration capital to mature assets of this nature. this has required a shift in focus from locations such as the lower 48 of the united states where competition for good quality assets is fierce. this is a direct result of the unconventional shale revolution which now dominates the industry in north america and the more recent increases in oil price which has attracted significant new investment in these areas. the mongolian cbm opportunity, together with the more recently announced alaskan acreage acquisition now provides elixir exposure to not only high margin gas markets but also high impact oil exploration acreage in an area that contains one