ELK elk petroleum limited

dear Macrea, you are right that we need to be careful with 2P as...

  1. 2,677 Posts.
    dear Macrea, you are right that we need to be careful with 2P as they have not been confirmed yet. But, correct me if I am wrong, but the EORI detailed what can be recovered by CO2 flooding rather than waht is equivalent to 3P.

    Prior to the EROI, everything was 3P using the RS measures. However, the use of CO2 flooding has given rise to the potential for more to be extracted. Whether RS confirms the whole 23m or nil, to me it will be well above the 11.4m that CVN have.

    So I was saying that if at least 11.4m is achieved the capitlaisation value should be way higher than the current value.
 
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