ELK 0.00% 1.4¢ elk petroleum limited

confirmation of reserves

  1. 957 Posts.
    lightbulb Created with Sketch. 17
    I came across this presentation that EORI gave in December last year.

    http://eori.uwyo.edu/downloads/Enhanced%20Oil%20Recovery%20Institute%20CO2%20Flooding%20Conference_templated%20Final%20071203.pdf

    It clearly shows the location of oil fields currently using or planning to use CO2 injection in Wyoming and their proximity to the CO2 pipeline. Page 14 shows that Grieve is right on the pipeline!

    Also, on page 25 they use Grieve as a project example. They say:

    “The model and simulation was history matched and validated externally”

    and

    “The results were confirmed by external consultants (Ryder Scott)”

    Does this mean that RS has basically endorsed the results but is just formalising things by running through the model again. It is also probably putting together the economic feasibility study (including NPV) which is taking up some time.
 
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