Fantastic news!!! Elk have secured the leading co2 oil recovery Company to develop and manage the grieve project...Denbury has a market cap of $8.5billion...We now have $114 mil worth of funding available for the Grieve development which should well and truly get us to production....Money talks and the fact denbury are willing to stump up the cash gives the Grieve project considerable credibility.....The risk and uncertainty are now behind us and I would expect a re-rating over the next few weeks...
This is a company making transaction make no mistake about it!!!
$115mil fantastic news
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