april production

April production figures are:

Grieve - gross 396 barrels, net 360 barrels
SDS - gross 5,812 barrels, net 5,000 barrels

Total net to ELK = 5,360

Wyoming crude price average in April about $105/barrel
Average production cost = $35/barrel
Gross margin = $70

5,360 X 70 = $375,200

exchange rate at 0.95

= $AU395,000

If no major expenditure in April, there should about $400K additional in the bank.