october, page-13

Here is an extract from the ELK website at the Grieve oil project page

Field discovered in 1954 - 30 MBBL produced to date from Muddy reservoir (35% of OOIP)

Based on the above the OOIP is some 55.7m (30m/35% x100-30m)

the 15% to 25% is based on a technical paper on chemical flooding that wickerman highlighted (posts around 25 august 2008)

I used the 15% as a conservative figure and based it on the EROI figure of 21m thereby giving me the 3m recoverable. However, the 15% represents the inground so 15% of 55.7m is 8.3m recoverable or 13.9m if 25% is used.

Based on the masters energy (i'll get the link ASAP for you guys) they were lookong at some 30m for infrastructure and 30m for chemical flooding for their bow field having some 30m barrels. Again not sure if this is in ground or recoverable.

I used this as in gorund so the $60m in costs over the 4.5m that is recovered represented some $13.33 in costs per barrel for flooding.

This seems relatively low and will check.

Anyhow this is the basis for ELK being a favorite of mine.