From the September 2010 ELK Grieve presentation the graph below shows the expected rampup of field production.
This is for the chemical flood that was proposed and then dropped when a CO2 source was found.
Interesting that the expected oil production matches the predicted production under CO2...what is interesting is that there is pretty well bugger all oil production initially, then some unstable predicted production where stable increasing production kicks in about 7-8 months after startup and then takes another 8-10 months to reach maximum.
Again acknowledging this is for a different type of EOR but if something similar is on the cards for the CO2 EOR, we may not be in as much deep ST with Grieve as we think....here's hoping anyway...
Cheers
Dan
ELK Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
