Ryder scott must be getting close, on its release we should see a significant rise in the shareprice.......if reserves come out as 2p I would expect the brokers to jump on the bandwagon.......
I will be interested to see whether they release a NPV when Ryder comes out......if so it should be above $5 a share....based on the $2.50 NPV per share ($155mil) that was estimated for the original 12mil barrels based on a $45 oil price and longer recovery time..... Cheers
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held