ELK elk petroleum limited
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    374 Posts.
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    18/02/10
    10:16
    Post #: 6345389
    I think so!

    Phase 1 oil recovery is going to increase if they choose the northern part of the field.

    CAPEX is going to decrease substantially with the need to drill only a few wells.

    Very interesting development!! Debt funding for the entire phase 1 development has become a realistic option
    ELK Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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