Disappointing announcement. Delays at Grieve are fine for Denbury as they have OTHER sources of income but not so for ELK unfortunately. They need to work out how they are going to keep themselves afloat now until 2016. It was difficult enough to find enough funds to keep them going until 2015!!
Poor foresight and planning by previous management IMO.
Ann: Grieve EOR Project Update , page-3
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