ELK elk petroleum limited
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NPV of US$65.5 million using very conservative total oil in...

  1. copperpot
    248 Posts.
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    18/03/10
    10:18
    Post #: 6465016
    NPV of US$65.5 million using very conservative total oil in place numbers......

    That translates to an NPV of AUS$72.7 million (0.90 exchange rate) based on US$60/barrel of oil price... This gives you a share price of over $0.70/share and is ultra conservative..... (Most analysts are predicting US$100/barrel in the medium term).

    Add to this the gas projects and teh USA recivery and finally we may be about to lift off....

    IMO - it has been a long time coming, but this is about to explode.......
    ELK Price at posting: 15.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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