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Absolutely, but that will require Denbury to allocate more of...

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CBMud

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13/02/19

12:55

Post #: 37422886
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Originally posted by SilentPartnr: ↑

CBMud'

They are producing of the order of 20,000 BFPD but only disposing of about 5,000 BWPD with the rest reinjected into the reservoir. Would increasing the water disposal up to 20,000 PWPD, with a corresponding increase in CO2 injection to maintain pressure in the reservoir, speed up the response at Grieve ie. achieve growth in 1 month what would otherwise take 4 months?

Regards

SP

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Absolutely, but that will require Denbury to allocate more of Grieve's CO2 to Grieve rather than diverting it to Denbury's 100% interest in Bell Creek in Montana where Denbury enjoys a tax concession for its CO2-EOR efforts. .

ELK Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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