Elixir opens up on Prontinal

ELIXIR Petroleum is moving to boot joint venture partner Prontinal from Block SL-4, offshore Sierra Leone, after the failure of negotiations over Protinal's alleged failure to meet its share of payment obligations.

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Elixir said it had issued Prontinal a notice of forfeiture saying that Elixir now owns its interest in SL-4. The notice included a demand for immediate payment of all sums owed.

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