NORTH AMERICA

Elk boosts reserves

WITH the purchase of the Madden gas field in Wyoming now locked away, Elk Petroleum says it has been able to calculate a significant boost to reserves while production forecasts are up 20%, even before its Grieve oil project starts up.

Lost Cabin gas plant.

Lost Cabin gas plant.

The company said the review of the third largest gas field in the state by Netherland Sewell & Associates, commissioned to support its $US17.5 million ($A22.9 million) purchase in the ConocoPhillips-operated...

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