Here's the complete list of potions found throughout the game. It is recommended to mix and use the black potions as soon as possible to make your team nice and strong and give you an early edge. You will notice that if each team member uses the appropriate black potions, you will get a permanent +10 boost to all of your primary stats.

NOTE:
Don't mix black potions with yellow ones, they create a death potion.

EMPTY POTION

Name: Empty Potion Bottle
Mixture: None
Effect: Used along with various berries and roots to create basic potions
 
BLUE POTION

Name: Magic Potion
Mixture: Rhina Root + Empty Bottle
Effect: Restores 10 spell points
 
RED POTION

Name: Cure Wounds
Mixture: Widoweep Berries+ Empty Bottle
Effect: Restores 10 hit points
 
YELLOW POTION

Name: Energy
Mixture: Poppysnaps + Empty Bottle
Effect: Adds 10 to primary stats temporarily
 
PURPLE POTION

Name: Cure Poison
Mixture: Red Potion + Blue Potion
Effect: Cures Poison
 
GREEN POTION

Name: Resistance
Mixture: Blue Potion + Yellow Potion
Effect: Adds 10 to resistance temporarily
 
ORANGE POTION

Name: Protection
Mixture: Red Potion + Yellow Potion
Effect: Adds 10 to armor class temporarily
 
WHITE POTIONS

Name: Stone Skin
Mixture: Blue Potion + Orange Potion
Effect: Grants stone skin for six hours
 
Name: Bless
Mixture: Purple Potion + Blue Potion
Effect: Grants bless for six hours
 
Name: Extreme Energy
Mixture: Orange Potion + Yellow Potion
Effect: Adds 20 to primary stats temporarily
 
Name: Haste
Mixture: Green Potion + Yellow Potion
Effect: Grants haste for six hours
 
Name: Heroism
Mixture: Orange Potion + Red Potion
Effect: Grants heroism for six hours
 
Name: Restoration
Mixture: Purple Potion + Green Potion
Effect: Cure all conditions except dead and stoned
 
Name: Super Resistance
Mixture: Green Potion + Blue Potion
Effect: Adds 20 to resistance temporarily
 
Name: Supreme Protection
Mixture: Orange Potion + Green Potion
Effect: Adds 20 to armor class temporarily
 
BLACK POTIONS

Name: Divine Cure
Mixture: Restoration +Orange Potion
Effect: Adds 100 hit points if at or below max and adds one year to age
 
Name: Divine Magic
Mixture: Super Resistance + Green Potion
Effect: Adds 100 spell points if at or below max and adds one year to age
 
Name: Divine Power
Mixture: Extreme Energy + Purple Potion
Effect: Adds 20 levels temporarily and adds one year to age
 
Name: Essence of Accuracy
Mixture: Bless + Yellow Potion
Effect: Adds 15 to accuracy and subtract 5 from luck permanently
 
Name: Essence of Luck
Mixture: Super Resistance + Purple Potion
Effect: Adds 15 to luck and subtracts 5 from accuracy permanently
 
Name: Essence of Intellect
Mixture: Stone Skin + Blue Potion
Effect: Adds 15 to intellect and subtracts 5 from might permanently
 
Name: Essence of Might
Mixture: Heroism + Red Potion
Effect: Adds 15 to might and subtracts 5 from intellect permanently
 
Name: Essence of Personality
Mixture: Restoration + Blue Potion
Effect: Adds 15 to personality and subtracts 5 from speed permanently
 
Name: Essence of Speed
Mixture: Haste + Red Potion
Effect: Adds 15 to speed and subtracts 5 from personality permanently
 
Name: Essence of Endurance
Mixture: Supreme Protection + Yellow Potion
Effect: Adds 15 to endurance and subtracts one from all primary stats
 
Name: Rejuvenate
Mixture: Extreme Energy + Green Potion
Effect: Removes all magical aging and subtracts one from all primary stats