re: Ann: Grieve EOR Project receives approval... This is great...

re: Ann: Grieve EOR Project receives approval... This is great news for ELK, The Grieve CO2 project is now full steam ahead, Denbury take over the project in 2 days and they have a great track record of getting these sorts of projects up and running successfully on budget and on time.

Elk don't have to spend anything else on Grieve now until the Oil starts to flow and can concentrate their efforts on Ash Creek and maybe even look at joint venturing the Niobrara if the news from current well production due to be released soon proves positive (Thanks Binbin for that info).

This was a big hurdle and risk for Elk which has now been negated. Oil should be well (pardon the pun) and truly flowing from two multi million barrel projects this time next year.