Positives - CO2 injection could occur as quickly as 6 weeks after BLM approval. If they can get this approval by march then we could see oil late 2012. Somebody needs to bake the BLM an apple pie.
Denbury finalising their co2 injection plans... they will have to give a model figure soon surely. I expect it will be much higher than 12million.
I like the staged Ash Creek idea. No large capital expenditure up front. Timing should correspond nicely to first oil from Grieve.
ELK Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held