ELK 0.00% 1.4¢ elk petroleum limited

gas discovery valuation, page-22

  1. 27 Posts.
    Unfortunately, the gas cannot be sold anywhere. The nearest pipeline is miles and miles away. A fairly large investment perhaps greater than 10 million dollars would have to be made just to process the gas. There will be a large operating cost to this processing which will probably nullify any income.

    Nothing in this regard has changed much since the 1950's when the well was first tested and into the 1960's.
 
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