So say they clear $30 PB and they recover the full 35% of 24m B that gives them 252m to play with over project lifetime , then let's say their outpu spikes very early like nearly every other EOR project of its type , this with Ash Creek puts them 3-5000 bopd which at $30 is about +$40m per annum EBIT , then add admin of say$3m , debt servicing of say $10m pa ? The main problem Sushi is your math doesn't make sense .
ELK Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held