It's all above my head…..management say they did some serious due diligence,thats good.
I like the following quotes:…..Acquisition is at a significant discount to proven net asset value.
Strong cash flows allow for significant deleveraging over the next 2 to 3 years.
Downside …..going to dilute the script by roughly 50%
News: ELK Elk Petroleum to acquire Aneth oil field & CO2 EOR production project, page-4
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