Elk Petroleum (ticker: ELK) Managing Director and CEO Brad Lingo was interviewed by Oil & Gas 360®’s Angie Austin at the 2018 EnerCom conference in Denver. Elk is an Australian energy company that operates in the northern Rocky Mountains in the western U.S. Elk’s primary asset is the Aneth Field where it applies established enhanced oil recovery (EOR) technologies to
Elk Petroleum (ASX: ELK) Company Overview Elk Petroleum Limited (ASX: ELK) is an oil and gas producer and developer with assets located in the northern Rocky Mountains. Elk Petroleum is focused on applying enhanced oil recovery (EOR) technologies to mature oil fields. Elk’s current projects use EOR technology that involves injecting CO2 into the reservoir at pressure and temperature conditions
Elk Petroleum announces capital raise to fund low-cost growth Elk Petroleum (ASX: ELK) announced today that the company successfully completed a A$13.5 million (US$10.2 million) private capital raise which will help the company continue to reinvest in its low-cost, low-decline Aneth CO2 EOR assets that were purchased from Resolute Energy (ticker: REN). The company has identified a significant range of
Elk Petroleum Limited (ticker: ELK) has commenced production on its Grieve CO2 EOR Project. The company said it expects initial gross oil production of 1,100-1,200 BOPD. CEO Brad Lingo commented, “I’m exceedingly pleased to announce the start-up of oil production from the Grieve CO2 EOR project. Reaching this point has been the result of the commitment and dedication of the
Australia’s Elk Petroleum Limited (ticker: ELK) recently released its half-year results and guidance update. The company reported a 44% increase in share price to A$0.095 (March 2018) – this is up from A$0.066 (June 2017). The company reported production of 972,498 BOE, with 1P reserves of 47.5 MMBOE and 2P reserves of 84.2 MMBOE. Elk’s operations are all in the
Elk secures second largest CO2 supply source in Wyoming for CO2 EOR; profitable production of ~3,400 BOEPD (20 MMSCFD+) Freeport-McMoRan has sold another group of oil and gas assets. Australia’s Elk Petroleum Ltd (ticker: ELK) has entered into a purchase and sale agreement with subsidiaries of Freeport-McMoRan Inc. (ticker: FCX) to acquire all of FCX’s interest in the Madden Gas Field,
