ELK elk petroleum limited

Lemon into Lemonade keep yr nerve

  1. 337 Posts.
    lightbulb Created with Sketch. 27
    doom and gloom yet the top 4 shareholders own 46%
    Placed the recent $5mill short fall pretty quickly
    Didn’t Denbury already invest over 100mil US$
    Didn’t Ryder Scott recommend CO2 over water but wasn’t water there just to pressurize the reservoir since CO2 was stopped by Denbury while oil dropped to bugger all
    Oil $67 and even with debt the asset has increased in value even thou we now have more stock out there if they sold up we’d all end up with more than a mere 6.7 sold Down on VERY light volume imho
 
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