NEWS ARCHIVE

Risks remain in Grieve process

WHILE Brad Lingo's revitalised Elk Petroleum moves towards first oil from its long-gestating US Grieve enhanced oil recovery project in 2017, risks remain with an ambitious $US55 million (A$76 million) funding package still in the wind, forcing the junior to seek more time to seal the deal.

Haydn Black

The delays in obtaining funding, and to finalise the terms of the reframed joint venture agreement with US-based EOR expert Denbury Resources, which ended a year of internecine JV infighting, mean the...

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