Dear Davo22, this will be a silly question but if the NPV is $2.5 per share for 12m barrels at $45 long term average price, a simply doubling in price to a long term average of $90, given all other parameters remain unchanged, them the NPV is $5 per share.
so if the above has already been released, what is the Ryder Scott report then confirming that isnt already known apart from more recoverable oil.
Did the first report estimate the 12m rather than confirm
If using the initial report ELK has at least a $5 per share value. Even if the JV reduces ELK share by 50%, it is still $2.50.
Even on the JV split, ELK is worth the risk.
Just a bit confused now.
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
