bigger potential than i thought, page-12

Hi Blueballs.

I suggest you read their annual report:

http://sa.iguana2.com/cache/7ea28c303f95aa2d004d311d817d2a3f/ASX-ELK-382346.pdf

and their recent Quarterly Activities report:

http://sa.iguana2.com/cache/b4e09057197ad46ae0e66af49243ee70/ASX-ELK-382350.pdf

then check their website:

www.elkpet.com

and bear in mind that the No 1 shareholder (R Healy) has recently increased his holdings by a substantial amount and Directors have been buying on market with confirmation of recent updates pending.

Then check the chart and so some reading on CO2 oil recovery and make up your own mind.

She remains speculative but at the same time has enormous upside potential both in the long and short term IMO.

Good luck.