Valuation (fully funded for development of the Grieve EOR project):
Risked: $0.57
Upside: $0.97
"Strachan Corporate assumes that Elk will require $10 million of additional equity for working capital support and new project acquisition, as well as eventual support for its Niobrara Shale."
May get a write up in the West Australian/Sunday Times sooner or later.
Ann: Research Report , page-2
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