Timbo, that's correct they have up graded to 2P on Denbury buying in and putting there money up, however, nothing has changed technically to up date from proved and probable and possible (3P) to Proved and Probable (2P), it's irrelevant how much cash you have or if a more experioenced company is on board the techniccal challenge of getting the oil out of the ground has not change so it should have always been 2P.
Anyway thats my rant for the day.
get ready next week for the.........................
WHOOSHKA
Sorry, couldn't resist
ELK Price at posting:
29.5¢ Sentiment: LT Buy Disclosure: Held