I think maybe the CEO resigned as the reserves statement of 23...

I think maybe the CEO resigned as the reserves statement of 23 million barrels is/was misleading.

The key is not so much what you have in the ground but how much you can econmically extract. My view is ELK has no expereince or money for such a proposed CO2 flood.

Needs lots more money or farmout to bigger/major operator before any oil will flow, timing of oil flow at least 18 to 24 months. In either case very diluting to current shareholders.

It still a sell. Have another look when the share are again below 20cents and the rational for the CEO leaving is explained.