Elk Petroleum and Denbury Onshore confirmed they had pushed back a negotiation deadline in a bid to batter out the final details of an onshore deal.
Elk is currently in good faith negotiations with Denbury for the sale of all or part of Denbury’s 65% in the Greive CO2 Enhanced Oil Recovery (EOR) Project in Wyoming.
This is the second extension the pair of sought in a bid to agree a final deal.