Elk Petroleum Ltd: Grieve Project Update

19.12.2017  |  ABN Newswire

Sydney - Elk Petroleum Ltd. (ASX:ELK) (OTCMKTS:EKPTF) provides the Company's latest presentation on Grieve Project Update.

Grieve Field Development

Nearing completion -on schedule & under budget

- Project completion on-schedule & under budget -minimal scope changes & no cost overruns

- Weather has remained mild -greatly assisting construction

- Field already fully repressurizedto preproduction maximum and awaiting start-up

- Mechanical completion of all facilities scheduled for 31 December 2017

- All Electrical & Instrumentation ("E&I") works scheduled to be complete by 15 February 2018

- Final building works making all facilities weather tight imminent

- New operations control building installed

- Well construction work -workovers & completions nearly complete

- Final field flow lines permitted and installation nearing completion

- Project completion, production start-up guidance remains unchanged

- Expect production facilities and well commissioning to commence upon completion of E&I works

To view the full presentation, please visit:
http://abnnewswire.net/lnk/1UB0L7M1


About Elk Petroleum Limited:

Elk Petroleum Ltd. (ASX:ELK) (OTCMKTS:EKPTF) is an oil and gas company specialising in Enhanced Oil Recovery (EOR), with assets located in one of the richest onshore oil regions of the USA, the Rocky Mountains. Elk's strategy is focused on applying proven EOR technologies to mature oil fields, which significantly de-risks the Company’s strategy of finding and exploiting oil field reserves

Source: Elk Petroleum Ltd.



Contact:

Elk Petroleum Ltd.
T: +61-2-9093-5400
E: ir@elkpet.com
www.elkpet.com