ELK 0.00% 1.4¢ elk petroleum limited

2nd successive rise in oilcut/production

  1. 4,838 Posts.
    The oilcut/production has risen again .
    May = 8.2bopd @1.8%......Jun = 9.2bopd @2%......
    Jul = 9.5bopd @2.4%

    I believe Elk need to put thoughts of chemical flooding/JVing on hold and look to how they can best extract the large quantity of oil accessible to waterflood in the lower Shannon.
    Ever extra well brought online will speed up the process and the current injection should mean future wells respond faster.
    Unitiseation???????
    Cheers
 
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