It is looking like CO2 is unlikely to happen and ELK will go down the road of chemical flooding.....
This link has a significant amount of information on "alkaline surfacant polymer flooding" the method ELK are looking at using....
http://eori.gg.uwyo.edu/downloads/Overview%20of%20chemical%20EOR.pdf
20%+ recovery of OOIP looks possible from this presentation....so potentially 15+mill barrels.....costs look reasonable cheap....University of Wyoming appears to be a leader in researching these techniques....Hopefully the results of the university study will come out positive and next year we can get on with producing oil.....If it works there will be plenty of other opportunitys as chemical flooding has only been employed on a small scale...
Cheers
- Forums
- ASX - By Stock
- ELK
- chemical flood
chemical flood
Featured News
Add ELK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online