ELK 0.00% 1.4¢ elk petroleum limited

share price should appreciate now?, page-6

  1. 215 Posts.
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    Does it really matter ? This one has an 18 mth fuse lit . It's a bit far out for folks to get two excited but as it gets closer and the company starts putting out pressure readings it will gradually rise and run . Folks sell for all kinds of reasons , when I do it's because someone needs the cash elsewhere , it happens to everyone and can't wait 18 mths . It's market cap is 30m give or take , there are reasonable scenarios that give 1000-3000 bpd in 2015-16. If you look at 30 different locations where they have EOR production history the majority has very quick oil production increases. If we get lucky it could easily be 3000 bpd as 1000 , all the studies so far suggest that it's an excellent co2 target, the combination of water and gas should push it higher quicker. US mainland oil production is an excellent place to be as it's topical . In my mind it's a buy now double your money or better in 18-24mths say 55c -65c within range. That's a good return for this market .
 
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Currently unlisted public company.

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