Grieve Pipeline Launches Binding Open Season

Grieve Pipeline, LLC (“Grieve Pipeline”), a subsidiary of Elk Petroleum Inc., today announced a binding Open Season that solicits long-term commitments from shippers for firm transportation capacity on a crude oil pipeline that interconnects with the Platte Pipeline Station in Wyoming.

The Pipeline’s main line consists of 32.44 miles of eight-inch pipe, which begins at Grieve Station, the receipt point for the Grieve Field oil production, and terminates at Spectra Energy Partners, LP’s (“Spectra”) Platte Station in Mountain View, Wyoming. Platte Station is a hub located to the west of Casper where crude can be directed to in-state refining or transferred to interstate pipelines or rail for delivery outside Wyoming. The Pipeline will have a capacity of approximately 12,000 barrels per day.

Grieve Pipeline is conducting the binding Open Season to obtain long-term volume commitments for firm transportation capacity on the Pipeline. The Open Season provides an opportunity for interested shippers to acquire long-term firm capacity as a Committed Firm Shipper, under a dedicated acreage commitment. The Pipeline is expected to commence full commercial operations by January 1, 2018.

Open Season Process

The Open Season begins on Wednesday, March 8, 2017 and ends on Friday, April 14, 2017. All bids must be submitted to the Grieve Pipeline representative listed below by 5:00 pm Mountain Standard Time on or before April 14, 2017. Bona fide prospective shippers may obtain copies of the Transportation Service Agreement, as well as the proposed Federal Energy Regulatory Commission tariffs (the “Confidential Open Season Documents”), by contacting the Grieve Pipeline representative. Grieve Pipeline requires a prospective shipper to execute a Confidentiality Agreement prior to delivery of these documents. More information concerning the Pipeline, and the binding Open Season, is available by contacting the Grieve Pipeline representative listed below.

Grieve Pipeline representative contact information:

Elk Petroleum Inc.1600 BroadwaySuite 1720Denver, CO 80202Attn: Grieve Pipeline Open Season - Scott HornafiusPhone: 720-744-4884Email: [e-mail]

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Elk Petroleum Inc.Scott Hornafius, [e-mail]