Corporate Presentation - Investor Update April 2018

Investor Update - April 2018

Elk Petroleum release Investor Update

Corporate Presentation - 23 April 2018

HIGHLIGHTS

  • Focused on redevelopment of conventional oil fields through enhanced oil recovery (“EOR”)
  • Elk is focused on growing reserves and production through our operated position in the Rockies
  • EOR is a well established, low risk production approach -~90% success rate
  • Engineering not exploration and field/project selection is critical
  • CO2 EOR focus provides opportunity for low risk, long-term, low decline production growth
  • Abundance of large mature conventional oil fields suitable for CO2 EOR redevelopment
  • EOR can deliver competitive, low cost, high margin production & annuity style cash flows
  • Main assets have forecast 40-50 year production lives & significant growth potential
  • Forecast 2018 EBITDA of ~US$50 million+ (up 938% from 2017)
 
 

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