reclassification of 18.6 million barrels to 2p, page-2

I'm not so sure the reclassification to 2p is 'imminent'. ELK are trying to get Ryder Scott to reconsider but it's IMO not necessarily a given. Would be nice though if it happens.

Elk is definitely undervalued IMO but the more important question is how long it will take before its true value is reflected in the share price. Opportunity cost is just as important when it comes to deciding where to invest our limited funds.