ELK elk petroleum limited

IMO, yes Ryder Scott is the pivotal report which is soon to be...

  1. 56,874 Posts.
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    IMO, yes Ryder Scott is the pivotal report which is soon to be released but she could double in a pinch tomorrow without too much bluster - it all depends on who and why within the market would want to take a position for the ongoing re-rating and that is anyone's guess. According to ELK's business plan, I contend that the company would be wanting the SP to be as high as possible pre JV.

    However, IMHO, the final report has not mentioned much more than what we already knew - it is up to RS's judgement now after which, according to my research, a CO2 supplier will be a formality once we JV.

    Sig numbers tomorrow for me are 72.5, 78.5, 1.04 after which it is anyone's guess. Judging by the posts post ann on here, unfortunately their will be plenty of profit-takers. The volume will tell us more tomorrow - it may not be as high as some may be envisaging IMO but good luck to all that hold.
 
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