About your estimated $1 per MCF cost of CO2, Elk were only receiving 15 -18 cents an MCF for their Madden CO2 the last time I spoke to Alex Hunter in May... even with the POO a bit higher now , I doubt the cost of CO2 has risen much since then....The Madden JV was selling the CO2 to Denbury but whether it is Madden CO2 being injected into Grieve, I can't be sure.
Cheers
Dan
ELK Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held