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OPERATIONS

Aneth delivers 158% spike in Elk's first half revenue

THE acquisition of the massive Aneth oil field in the Rocky Mountains has proven to be as transformative as predicted for Elk Petroleum, which reported significant growth in reserves, production, cash flow and shareholder value in its latest first half report.

James Bowen
Rocky Mountains CO2 EOR project transforms Elk performance

Rocky Mountains CO2 EOR project transforms Elk performance

However, the acquisition also contributed to a net loss of US$45.5 million for the first half, most notably through a related $30.8 million oil swap hedging liability, as well as one-off transaction and...

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