| Letter of Intent to sell Grieve Oil Pipeline | |
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Microsoft Word - 141223 070114 ASX Announcement --- LOI for sale of Grieve Pipeline v 4 NT final
Elk Petroleum Ltd ABN 38 112 566 499
23 December 2014
ELK PETROLEUM SIGNS LETTER OF INTENT TO SELL THE GRIEVE OIL PIPELINE
Elk Petroleum Limited (ASX Code: ELK) is pleased to announce that it has entered into a Letter of Intent (LOI) for the sale of its 100% interest in the Grieve oil pipeline in Wyoming. Finalization of the sale remains conditional on the parties completing due diligence and completing related transaction agreements. The parties are working towards finalising the transaction by early March.
For further information please contact:
Scott Hornafius, CEO
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Elk Petroleum Investor Relations
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Phone: +1 307 265 3326
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Email: [email protected]
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ABOUT ELK PETROLEUM
Elk Petroleum Limited ABN 38 112 566 499 (ASX: ELK) is an oil and gas producer and developer with assets located in one of the richest onshore oil regions of the USA: the Rocky Mountains. Listed on the ASX in 2005, Elk's strategy is focused on applying established enhanced oil recovery (EOR) technologies to mature oil fields. This strategy significantly de-risks the process of finding and exploiting oil field reserves.
Leveraging proven EOR technology and experience, Elk is currently developing the Grieve CO2- EOR project in Wyoming and is pursuing other opportunities, including CO2-based EOR projects in Nebraska.
For more information on Elk, see Elk's most recent Investor Presentations which are available on
Elk's website www.elkpet.com.
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ELK PETROLEUM LIMITED
Suite 4, Level 9 Tel +61 2 9929 9690
341 George Street
Sydney NSW 2000
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ELK Petroleum Limited
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CODE : ELK.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ELK Petroleum Ltd is a oil producing company based in Australia. ELK Petroleum Ltd is listed in Australia. Its market capitalisation is AU$ 12.0 millions as of today (US$ 8.0 millions, € 7.4 millions). Its stock quote reached its highest recent level on October 05, 2012 at AU$ 0.34, and its lowest recent point on June 29, 2019 at AU$ 0.01. ELK Petroleum Ltd has 854 049 984 shares outstanding. |