future

based on futures prices and ELKs NPV graph, Grieve currently has a NPV of approx Aus$350mil.....At the AGM is was suggested that 15mil barrels was a base case and not reflective of the amount they actually expected to recover..its a shame the project is in the words of the directors currently worth $00

question is who thinks the directors can get get this project up and running without issueing a packet more shares???? bearing in mind that they did mention raising capital on a number of occasions throughout the discussion.....

Interested to see in the latest wyoming enhanced oil recovery institute, co2 presentation they had 160mmcfd of co2 coming online next year and the only projects under review were Grieve, sussex and Ranchers 3 fields, and Rancher looks like going bust any day now, it has already had 4 1week extensions to its debt facility, potentially could call in the receivers tomorrow.....Sussex is owned by Anadarko...