elk acquires eor syngas interest

ELK is Australia's only listed EOR (Enhanced Oil Recovery) company and it is only a matter of time before Australian based shareholders understand and recognise the technology and expertise that ELK has in this upcoming and extremely lucrative field. Take a look at their new website - www.elkpet.com

Furthermore, despite the delays (and there have been a few,) ELK's 35% holding in the Grieve field (completely free-carried to first production) with industry heavyweight Denbury should be realising material cashflow for the company by early 2013. To inform yourself of the calibre of ELK's JV partner, take a look at the Denbury website - www.denbury.com (they are one of the largest Oil/Gas companies in the USA).

The Grieve project along with Ash Creek production close to significant cashflow (see recent announcements about the imminent chemical flood at Ash Creek) should ensure that this little gem of a company pops up on the radar of Australian investors.... Proof of the companies potential can be seen through the major shareholders and their track record of investing at the embryonic stage of a companies growth.

ELK is certainly starting to "kick some goals" and with this new technology (EOR Syngas) ELK has an interest in (16%), they should be able to pick up plenty of mature fields that they can produce oil from very economically without the large infrastructure required for Co2....

Only a matter of time with this one. Interestingly, this new EOR Syngas technology that ELK has control of should be of interest to Linc Energy (as they have recently started to focus on EOR in the USA and it just so happens that they have an operation in Casper......).

Interesting times ahead. DYOR.