denbury webcast, page-5

Binbin
Grieve has 6mil barrels of 2p reserves attributed to chemical flood and the slide quotes 2p reserves. I guess they figured it was better to quote the official reserves knowing that co2 would outperform chemical rather than put up a guesstimate. In turn looking good when they outperform.

And maybe play down the reserves with a view to possibly making a lowball offer down the track for Elks share. Which of course would never work as ELK management and shareholders all believe we will recover at least 100% OOIP.lol
Cheers