"The Company is pleased to advise that the initial runs of the simulation of the Grieve Muddy reservoir by the EORI have arrived at a forecast recovery of 23 million barrels of oil. This represents an overall recovery factor of 71.1% from the Grieve Muddy reservoir, with 30.8% being achieved from the CO2 flood."
i.e. 23million barrels IS THE RECOVERABLE OIL that 23million represents a recovery rate of 71.1% 30.8% of that 71.1% recovery will be attribute to the cO2 its an absolute cracker of an announcement!!!
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held