ELK 0.00% 1.4¢ elk petroleum limited

nice close elk .. bring on monday , page-8

  1. 4,058 Posts.
    "The Company is pleased to advise that the initial runs of the
    simulation of the Grieve Muddy reservoir by the EORI have
    arrived at a forecast recovery of 23 million barrels of oil.
    This represents an overall recovery factor of 71.1% from the
    Grieve Muddy reservoir, with 30.8% being achieved from the
    CO2 flood."

    i.e. 23million barrels IS THE RECOVERABLE OIL
    that 23million represents a recovery rate of 71.1%
    30.8% of that 71.1% recovery will be attribute to the cO2
    its an absolute cracker of an announcement!!!
 
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Currently unlisted public company.

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