Elk Petroleum has successfully completed a placement to institutional, professional and sophisticated investors to raise A$27.5million. A$27.5 million placement strongly supported by existing shareholders and new investors - Proceeds will be used to fund Elk's US$160m acquisition of the Aneth Oil Field, one of the largest CO2 EOR projects in the [...]
Elk Petroleum Ltd. has entered into a purchase and sale agreement with Resolute Energy Corporation to acquire a subsidiary of Resolute which holds majority ownership in the Greater Aneth Oil Field for US$160 million. (see Note 1 below) - The Aneth Oil Field in Southeastern Utah is ranked the 86th largest oil field (see Note 2 below) in the US by [...]
Elk Petroleum provides the Company's latest presentation at Good Oil Conference. Elk Corporate Overview Oil Development - Elk is focused on redevelopment of historically producing conventional oil fields to produce significant remaining in place oil by applying enhanced oil recovery ("EOR") methods - Grieve CO2 EOR project development 90% complete [...]
Elk Petroleum provides the Company's Quarterly Activities and Cashflow Report. JUNE QUARTER HIGHLIGHTS The June 2017 Quarter was a very active and successful period for the Company dominated by three main highlights - first, the commencement of the final stage of field development construction at the Grieve CO2 EOR Project, second, the continued [...]
Elk Petroleum is pleased to provide this update on the progress of the final field development construction for the Grieve CO2 EOR Project. - Grieve Field fully repressured and reservoir ready to commence production - Main components - High and Low Compressors - of CO2 Recycling Facility installed - 1st Oil Production Separator Process Unit [...]
Elk Petroleum provides the Company's latest presentation at Noosa Mining & Exploration Conference. Elk Corporate Overview - Oil Development o Elk is focused on redevelopment of historically producing conventional oil fields to produce significant remaining in place oil by applying enhanced oil recovery ("EOR") methods o Grieve CO2 EOR project [...]
Elk Petroleum advises that further to the annual review process under the Employment contract of Mr Brad Lingo, the Company's Managing Director and Chief Executive officer, the Board has resolved to increase Mr Lingo's Fixed Annual Remuneration, inclusive of superannuation and other non-cash benefits, to A$500,000 per annum from 1 July 2017, and [...]
Elk Petroleum is pleased to announce that Elk will changed its reporting currency from A$ to US$ effective from 30 June 2017. The quarterly activities and cash flow reports for the quarter ended 30 June 2017 and the full-year financial report for the year ended 30 June 2017 will be presented in US$, including all comparative information. - Elk has [...]
Elk Petroleum is pleased to advise that it has made the final US$5.5m milestone payment of a total acquisition price of US$17.5m to acquire a ~14% working interest in the Madden Gas Field, the Madden Deep Unit Gas Field and the Lost Cabin Gas Plant ("Madden") in Wyoming, USA from subsidiaries of Freeport-McMoRan Inc. ("FCX"). Elk has no further [...]
Elk Petroleum provides the opportunity to listen to an audio interview of Brad Lingo, Managing Director and CEO updating shareholders on the progress of the Grieve Project and the Madden Gas and CO2 Field and the Lost Cabin Plant. To listen to the audio broadcast please visit the Boardroom Media website or the Elk website at http://www.elkpet.com [...]
Elk Petroleum is pleased to provide the Company's latest EGM Investor Update presentation. Wyoming, USA - Elk country Vast CO2 reserves, extensive CO2 infrastructure, multiple CO2 EOR operating projects and numerous new projects for development 1. Grieve CO2 EOR Project Project execution Grieve Field development - Final construction activity [...]
Elk Petroleum is pleased to provide the Company's Quarterly Activities and Cashflow Report. HIGHLIGHTS - Grieve Project equipment and materials procurement and construction advances - Total CO2 injected 39 BCF and field pressure reaches 2900 PSI - Madden Gas & CO2 Field/Lost Cabin Gas Plant acquisition completed - Total Madden Gas Field Proved [...]
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