Elk has under 200,000,000 shares--the norm for junior oiler's are about 2'000'000'000.
Just a few samples are AKK--SSN--RRS--QPN--GGP--TSV--just to name a few.
I can see ELK up and running with maybe no more than 300,000,000 shares.
What ELK needs to do now is buy a few more smaller oil-fields while they are cheap and to ensure growth into the future.
Denbury is carrying significant bank debt--ELK will possibly be able to arrange debt funding also.There is a lot of money from QE to find a good home.
My 2 cents worth----Cham
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- read it and weep: elk 2012 annual report
read it and weep: elk 2012 annual report, page-13
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