NEWS ARCHIVE

Elk improves Grieve terms

ELK Petroleum and operator Denbury Resources have ended months of infighting over the Grieve enhanced oil recovery project in the US state of Wyoming with a new agreement that will see the US-based EOR specialist company stay in the joint venture after all.

Haydn Black

Denbury, which was expected to sell out of the troubled project, will instead reduce its interest to 51% and give Elk the right to receive the lion's share of net operating cash flow from the first two...

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