ELK 0.00% 1.4¢ elk petroleum limited

It is looking like CO2 is unlikely to happen and ELK will go...

  1. 4,837 Posts.
    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
 
watchlist Created with Sketch. Add ELK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.