"Negotiations for a supply of carbon dioxide have been protracted and unproductive. Demand for current production is dominating the supply side and additional investment by the suppliers will be required. Confidence in the increased recoverable oil will help negotiations. Meanwhile evaluation of alternative recovery techniques is continuing."
I know at the time this was dismissed as out of date and that the company was in negotiations with two suppuliers but it's now been nearly two months since the final EORI report and still no news on the CO2 front despite the "increased confidence" the EORI report should have delivered. Hopefully the Ryder Scott report will be the "confidence" the suppliers need but it's still a worry considering how some people have said in the past how easy(close to pipeline,currently venting etc) it should be to get a CO2 supplier.
A progress report from the company would make me feel better. Things like "advanced stages of negotiation" etc.
ELK Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
