ELK 0.00% 1.4¢ elk petroleum limited

interesting read

  1. 803 Posts.
    lightbulb Created with Sketch. 1
    I came across a company called Enhanced Oil Recovery that is expanding into oil recovery using CO2. This is the link to it's website:

    http://www.enhancedoilres.com/

    The company has discovered a CO2 field in Arizona and it is looking to buy some oil fields (it has 2 already) and use the CO2 to get the residual oil out. It is trying to emulate Denbury. There is an interesting presentation, here is the link.

    http://www.enhancedoilres.com/presentations/eorppt0208.pdf

    It's goal is to produce 20,000 bopd plus CO2 and helium sales and to have an ultimate MC of $US3 billion. Denbury's MC is $US7 billion...it produces 43,000 bopd. See page 31 of the presentation.

    This reinforces how big CO2 flooding is in the US.

    Plenty of blue sky for ELK when everything falls into place.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.