ELK
Click for more information
0.00% 1.4¢ elk petroleum limited

re: very strong close, page-22

  1. SP3
    18,710 Posts.
    lightbulb Created with Sketch. 306
    clock Created with Sketch.
    16/11/07
    07:43
    Post #: 3011408
    re: very strong close Davo

    CVI's 24M barrels vs ELK's 23M barrels are valued differently.

    CVI's Reserves are based on 1P whereas ELK's will probably be 2P.

    Therefore CVI has a 90% chance of being correct, whereas ELK has a 50% chance of being correct.

    Further, once ELK introduces a JV partner, and they farm out 50%, then they will no longer have 23M barrels.

    I hope you now understand why I favour CVI over ELK.

    ELK Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

GDM Great Divide Mining up +8% on deal with Adelong Gold to restart "historic" Adelong mine
right-arrow Created with Sketch.
NEWS Bitcoin hits all-time high AGAIN! Join the discussion here
right-arrow Created with Sketch.
3DA To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels
right-arrow Created with Sketch.
NEWS Banking on interest rate cuts for growth
right-arrow Created with Sketch.
NEWS Li-S Energy sees lithium-sulfur battery chemistry validated by 30min UAV test flight
right-arrow Created with Sketch.
NEWS iseek acquisition to boost HMC Capital's plans for DigiCo platform
right-arrow Created with Sketch.
watchlist Created with Sketch. Add ELK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.