I did get a reply from bob Cook, I asked him if cost per barrel was consistant with Ryder scott report from 08.
He said; "In both cases, there is not a constant cost per barrel per year but if we look at them on a project basis and similar recoveries, the operating (processing) costs are about the same per barrel but the cost of delivered CO2 we are now using is different (higher) because we require more purchased CO2 than previously modelled and we are transporting the gas in Anadarko?s pipeline rather than building our own 50 miles long pipeline ($20 million) as was used in the Ryder Scott economics. As soon as Denbury has completed their simulation work and we reach an agreed recovery and expected economics based on that recovery, we shall make that information available via an ASX release." Regarding nailing a dollar figure, I seem to remember around $26-$28 being dicussed at one of the AGM's
ELK Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
