It's interesting to note the independents that are progressing with CO2 flooding in Wyoming are very large companies. Devon has a market capitalisation of $36 billion and Denbury has a market capitalisation of over $7 billion. I wouldn't be surprised if both are looking at Grieve with some interest especially now that we have a source of CO2. It would be great if someone of their size wanted to JV with us, or makes an offer to buy Grieve as is. As Davo says, everything has a price and if there was an attractive offer in cash I wouldnt say no.
ELK Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
