what is 11.4 million barrels of 2p oil worth, page-30

Based on CVN Vs Elk

with the number of shares cvn has over elk then IMHO i think ELK should be worth about 9.8 X more then current CVN price given the market cap of cvn.

Once ELK have the ryder report and confirmation of up to 23 million barrels of oil then yes i think this share has around $5.40 written all over it. ( Once Full production is on its way ). And given the price of oil on the climb ELK will have its day of sunlight and all who have held will be rewarded.

As i free hold alot of shares in ELK from profits made im happy to let these go in the short term. But with the bigger picture in mind im keeping my long term hold for at least 2-3 years.