Assets
Elk has put together an attractive and diverse portfolio of production, development and exploration assets in both the Wind River Basin and Powder River Basin in Wyoming and Montana, USA
WHY THE U.S.A?
- Availability of mature oil fields; inexpensive entry
- Many fields, originally discovered by majors, are now held by smaller companies with limited access to capital or technology; often very little field activity for the last 10-15 years
- Often very little complete integration of geology, geophysics and engineering
WHY THE ROCKY MOUNTAINS?
- Original focus for company’s founders, based on observation that the majors, who made most of the original discoveries, have now left the area
- Expertise built with US-based, Rocky Mountains-experienced, technical and management team
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Elk has 100% working Interest (WI) in 2 oil fields in Wyoming as well as various working interests in appraisal/exploration acreage in Wyoming and Montana. Elk has signed an agreement to Joint Venture the Grieve Field EOR Project with Denbury Resources. |
