Magellan Concludes Poplar CO2-EOR Pilot a Technical Success and Provides Update on Utah CO2 Option
April 7, 2015
Magellan Petroleum Corporation (MPET) (“Magellan” or the “Company”) today announced that it has concluded that the CO2-enhanced oil recovery (“CO2-EOR”) pilot project at Poplar (the “Pilot”) has been a technical success, and demonstrates that the CO2-EOR technique is a technically viable tertiary recovery method in the Charles formation at Poplar Dome. The Company reached this conclusion on the basis of the
