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ELK PETROLEUM LIMITED (ASX:ELK) - Ann: Elk to acquire Freeport-McMoRan's Wyoming Gas, CO2 Assets, page-7 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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Ann: Elk to acquire Freeport-McMoRan's Wyoming Gas, CO2 Assets, page-7

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Cham

787 Posts.

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05/01/17

18:15

Post #: 21704387
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Risk 101 No I don't hold PSA….looks good though………but getting back to ELK the oil is already there in the Grieve oilfield…it originally produced about 30,000,000 barrels and flowed up to 12,500 barrels per day at it's peak…..pumping it up with CO2 and water to it's original pressure of about 3'500 lbs they expect flow rates with out pump to be about 4,000 barrels per day with slow decline over 15 to 20 years [off the top of my head]
but then you already know this!!!

cheers Cham

ELK Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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