new director, page-2

Davo,

As you know I agree entirely that the Directors have made poor to downright criminal decisions in the past. IMO that has been discussed in great detail and I for one are now looking at the future.

At the General meeting I asked the Andy that given the mistakes that have been made and the postion that the board had put the company in i.e. having to issue an additional 30m shares for a miserable couple of $M whether he thought that ELK had the right board in place or whether we needed to make changes. Andy's response was that ELK did have the right board with 150 years of O&G experience. As far as I am concerned the jury is still out and they have my support for now....

As far as the Upper Sands I agree with your assessement and that if we hit one or two of the Sands then the SP will rocket. The funny thing will be that SHs will be singing the praises of the directors yet I will be thinking why didnt they do this years ago.

Anyway until then I remain positive.

DJ