Grieve Oil Project:

Overview:

  • Field discovered in 1954 - 30 MBBL produced to date from Muddy reservoir
  • Acquired by ELK in 2005

Operations:

  • Field currently producing at low rates (<20BOPD) from Muddy reservoir

Projects:

Upper Sands:

  • Opportunity in un-exploited Upper Sand reservoir(s)
  • Upper Sand testing to date has been inconclusive
  • A number of additional potential oil reservoirs are present at Grieve
  • Live oil has been seen in a number of Grieve temporary abandoned wells
  • Nearby fields produce from upper sand reservoirs
  • In Feb 2006, independent reservoir engineers calculated potential OOIP of 51.4 MBBLs in four Grieve Upper Sands
  • Upper Sands have never been produced at Grieve
  • Shallow well in June 2007 had oils shows but no producible oil
  • A new well location is to be selected and drilled in conjunction the Muddy enhanced oil recovery (EOR) project

Enhanced Oil Recovery:

Enhanced recovery of oil from the Muddy reservoir is being considered using two different technologies:

CO2 Flood:

  • EORI study indicates 23 MMBbls of recoverable Muddy oil with CO2 miscible flood
  • Nitec study indicates 21 MMBbls of recoverable Muddy oil with CO2 miscible flood
  • Ryder Scott to certified 3P reserves of 18.6 MMBbls with CO2 miscible flood
  • Source of CO2 is being negotiated
  • Joint Venture partner is being sought

Chemical Flood:

  • The University of Oklahoma (OU) has been commissioned to conduct a chemical flood study of the Muddy reservoir
  • The OU study will also address the economic feasibility of the flood as well as establish expected recovery
  • Chemical flood option allows for a pilot study to be undertaken and thereby establish a 2P reserve classification. As a preflush to the pilot, water injection may demonstrate the presence of movable secondary oil (waterflood)

Project Photos:

Photos of the Grieve oil fields can be found here.