http://www.elkpet.com/pdf/announcement/UpcomingTestWellForTheGrieveUpperSands10Apr07.pdf
read this. elk is a disappointment.
on the 10th of april, they said drilling at grieve was to start within a month. this hasn't happened.
there will be delay after delay on this one.
expect an announcement to read as such
" ELK is disappointed to announce delays on the Grieve sand field"
" where is the farm in partner that they were looking for? if grieve field was any good there would be a joint venture announced already?
what does this mean!
ELK's greive field is not rated by other companies.
they have had plenty of time to secure a joint venture on it.
if you listen to the brr.com.au radio interview its not hard to put two and two together, that there has been delays. this is why the share has dropped and it will drop further once the announcement is made.
when is an update coming, page-2
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