The rise in the ELK shareprice has been attributed to the upcoming Ryder report......However if you were to take a 2 year timeframe then the rise to current shareprice does not fully account for the rise in oil prices so therefor in real terms nothing is attributed to greive or exploration acreage......
at current oil prices ELK would be bringing in a per annum net revenue of over $7.5 mill....with the potential to increase rates and reserves from SDS and potential to apply the same reworking to Ash Creek.......and there is your curent shareprice.
Cheers
crude oil futures rise to all time high, page-3
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