shipped another 500 barrels from Grieve into the pipeline as of yesterday.... so still at about 30 BOPD.
Brad devoted a few minutes in the presentation to Grieve , basically saying the field is starting to show a CO2 response in the oil transition zone and production is slowly ramping up and is "looking forward" to reporting as the field progresses.... no mention of problems, delays etc.... the company is confident in the expected performance of the CO2 flood and that production will ramp up in the near term
Denbury's only comment on Grieve in it's presentation is that " the field came on line earlier in the year".
So we wait... would be curious to know what the " expected" ramp up curve looked like in April compared to the " expected " curve now.
Cheers
Dan
ELK Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
