ELK elk petroleum limited
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news quarterly released, page-26

  1. davo22
    4,837 Posts.
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    30/10/08
    21:19
    Post #: 4450460
    Wickerman
    Thanks for doing the NPV....

    Ash creek, would be good for at least 3mil barrels from chemical flood and based on the figures you have given for Grieve, NPV would be around 50mil or 83c a share.......Ash creek has only produced 25% of OOIP....so if we were to assume 50-60% recovery (that seems to be what is commonly accepted) then we could be looking at up to 6-8mil barrels and $130mil NPV...

    The interesting thing about Ash Creek..it was still producing about 18 barrels a day when it was shut in...
    Cheers
    ELK Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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