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NEWS ARCHIVE

Edison bullish on Elk

EDISON has initiated coverage on Elk Petroleum, valuing it up to three times its current value for its "substantial" upside potential and strong opportunities for acquisitions beyond the US-focused junior's Grieve CO2 enhanced oil recovery project that is being developed in Wyoming.

Anthony Barich

Elk is developing Grieve with New York-listed Denbury Resources, which has successfully commissioned about 25 EOR projects in the US alone, and Edison believes the project will propel the Aussie junior...

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