co2 is a proven method of enhancing oil production and getting out a larger % of the OIP.
IMO ELK is in a very good position not only from the field that they operate, but having a source of co2 close by.
ONCE the planning is done and the co2 injections start it is just a matter of time until production increases.....how much is the only question.
And unlike most other Aussie oil companies operating in the USA, ELK isn't throwing an ungodly amount of money on a few wells that could make or break the company.
Oil is being produced, cash is coming in, and planns are being made.
One day they will be selling more $ of oil than the current maket cap.....
At that point anyone wnat to guess what the share price will be?
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
