Sydney, Feb 8, 2017 AEST (ABN Newswire) - Elk Petroleum Limited (ASX:ELK) (EKPTF:OTCMKTS) provides the opportunity to view a video broadcast of Brad Lingo, Managing Director and CEO discussing the release of the December 2016 Quarterly Report and the acquisition of the Madden Gas and CO2 Field and the Lost Cabin Plant.
Managing Director and Chief Executive Officer
Mr. Lingo is an experienced international resource & energy executive with a proven track record of successfully building companies in the upstream and midstream oil & gas energy sectors. Mr. Lingo held previous roles in business development, new ventures, mergers and acquisitions and corporate finance with Tenneco Energy and El Paso Corporation in the US and Australia, and Senior Vice President and Head of Oil & Gas at the Commonwealth Bank of Australia. More recently Mr. Lingo was Managing Director and CEO of Drillsearch Energy Limited, where he oversaw more than an eight-fold increase in share price and market cap over a period of six years, helping build that company into one of Australia's leading onshore oil and gas producers. Mr. Lingo's skills include leadership, ability to build market confidence, financial and technical skills, organisation building, business development and funding capability, and entrepreneurship. His experience also includes equity and debt capital raising, project and transaction financing and structuring to achieve attractive financial, tax, accounting and legal treatment for complex commercial, project and financing transactions, similar to Elk's current needs.
Where Elk Petroleum Operates
In todays world market, Elk is operating accross international boundaries to achieve our strategic business objectives.
Elk with its unique position as an ASX-listed and Austalian headquartered company can bring its accumulated knowledge and experience to Australasia - a virtually untapped growth market for enhanced oil recovery. Vast accumulations have been discovered in Australia, Indonesia and Malaysia and in many instances oil production from these discoveries are maturing quickly. Having established our knowledge, experience and credentials as a focussed enhanced oil recovery development and production company, Elk has a unique opportunity to be an early mover in bringing these proven field redevelopment and production technologies and processes into these untapped markets.
There are many EOR development and production opportunities - organic developments or project or production acquisitions - that Elk is currently seeing in the US market. With the success in delivering the Grieve Project restructure and securing the necessary financing many of these opportunities are finding Elk rather than Elk having to find them. As such the Company will continue to focus on building its position off the Grieve Project in CO2 EOR and will be focussing on building a solid production base in currently producing or active development EOR projects. In parallel the Company will also be focussed on establishing a position in CO2 reserves and resources as an essential element to succeeding as a CO2 EOR oil producer.
Vast CO2 reserves, extensive CO2 infrastructure, multiple CO2 EOR operating projects and numerous new projects for development.
To view the video, please visit:
About Elk Petroleum Limited
Elk Petroleum Limited (ASX:ELK) (OTCMKTS:EKPTF) is an oil and gas company specialising in Enhanced Oil Recovery (EOR), with assets located in one of the richest onshore oil regions of the USA, the Rocky Mountains. Elk's strategy is focused on applying proven EOR technologies to mature oil fields, which significantly de-risks the Company’s strategy of finding and exploiting oil field reserves.
Elk Petroleum Limited