ELK elk petroleum limited
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It looks like that the price of reserves just keeps going up.A...

  1. sushi1
    6,389 Posts.
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    09/03/11
    12:47
    Post #: 8022933
    It looks like that the price of reserves just keeps going up.

    A couple of posts on the COE thread indicate that COE got $25 per barrel of 2P reserves in its recent transaction...don't know if that is correct......

    And another post indicates that some others for another company went for $23 a barrel.

    Elk's 20 million in Grieve at $25 per barrel would work out to $500 million and "only" $460 million........
    ELK Price at posting: 31.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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