ELK 0.00% 1.4¢ elk petroleum limited

Just reread your reply - in particular where you ask "what is...

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    Just reread your reply - in particular where you ask "what is missing" .

    It makes sense to capitalise development costs and depreciate them . Should they be depreciated over only the production phase in proportion to the level of production as a proportion of economic ultimate recovery ?

    There might be SEC rules for the number of years Oil and Gas related assets can be depreciated over .

    We are told these projects are low risk but for Denbury , Grieve has not gone exactly to plan . Won't be long before we see how Grieve performs in practice .
 
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