doom and gloom yet the top 4 shareholders own 46%
Placed the recent $5mill short fall pretty quickly
Didn’t Denbury already invest over 100mil US$
Didn’t Ryder Scott recommend CO2 over water but wasn’t water there just to pressurize the reservoir since CO2 was stopped by Denbury while oil dropped to bugger all
Oil $67 and even with debt the asset has increased in value even thou we now have more stock out there if they sold up we’d all end up with more than a mere 6.7 sold Down on VERY light volume imho
ELK Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
