ELK elk petroleum limited

SDS to increase production.Ash creek to go to production early...

  1. 336 Posts.
    SDS to increase production.
    Ash creek to go to production early next year.
    Hereford 1, Potential market for Nitrogen US$2.50mcf, Gas US$2.50-US$3.50 mcf.helium unknown.
    How to market Hereford 1, build a pipeline to Billings,Cost US$7mill, and sell gas as a whole, split the gas on site or generate electricity on site.All of the options to be assessed over next couple of months.
    Grieve,plans for Drilling and injection continue with a start up date early Jan, no time out for winter as all drilling done from one location, fabtech continue with design of plant for chemical injection, delivery time 6 months hence.All subject to funding constraints ranging from debt funded, equity raising, JV partners or mix of all parts.
    Cost per barrel of oil from Grieve over phase 1,2 and 3 is US$17.00.
    Very good margin if project gets off the ground, sell price of oil based on WTI.
 
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