ELK elk petroleum limited

news quarterly released, page-9

  1. 306 Posts.
    While the details we are after were absent I thought that the report was pretty good in this environment. We now have a date for the uppersands at Ash Creek and progress has been made on the Crow lands. Chemical flood is looking more likely with shorter leadtimes to production.

    Cash flow is still positive and cash reserves have increased.

    Directors can start to buy on-market again so hopefully the 50,000 buyer preopen at 22c will result in another director buying notice

    cheers
    DJ
 
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