Australia's largest stock trading and investment forum Australia's #1 stock forum

ELK

Click for more information

0.00%

1.4¢ elk petroleum limited

Thanks Dan, maybe your not a reservior engineer, but you come...

First 10 Last

Share
Profile

Follow
Resurgam

1,392 Posts.

7

09/12/17

01:59

Post #: 29501606
Share

Originally posted by danpech ↑

Hi Resurgam

In all honesty I can't answer your question with any credibility. I am not a reservoir engineer with access or understanding of the data that would allow me to say anything that would actually mean much as to the chances of success. All I can say is As far as I am aware the operator Denbury or Elk has not indicated that they are concerned about grieve coming online as expected.

One interesting fact that is pertinent to Grieve which Brad has mentioned relates to the way the co2 has been injected into the field which may have a bearing on the success of the project. As far as elk is aware, due to the delay in completing the development when Elk and Denbury were in dispute before Brad came on board, co2 has been injected into the field prior to production for a much longer period than any other field . This means that the co2 has had a significantly longer period to dissolve into the oil which could result in the field performing above the model

Lets hope that turns out to be the case!

Cheers

Dan

Expand

Thanks Dan, maybe your not a reservior engineer, but you come across as a bloody good researcher. Thanks for the reply.

ELK Price at posting: 6.3¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

There are more pages in this discussion • 1 more message in this thread...

First 10 Last

Add ELK (ASX) to my watchlist

SPONSORED BY