68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus

Giltedge – Polymer Project Costs and Economics
Material value creation opportunity
• Project timeline
• Q2 2011 – first injection, production response in ~6 months
• Polymer injection will continue for approximately four years
• Decision to expand may be made sometime after 2013
• Intent is to be at full field polymer flood by late 2017
Project costs
• Facilities - $7 million
• Polymer - $10 million (over 4 years)
• Operating Cost - $1 million/year
• Indicative economic factors
• NPV @ 10%: ~$20 million
• IRR: 25 - 40%
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