good decision

I beleive it is a good decision to sell the assets for cash and carry....regardless of the price....as far as i am concerned I beleive capital raising is not in the best interests of shareholders and the thought of it gets me seeing red...... The price received should end up reflecting the most positive view within the oil and gas industry, becouse that party will make the highest offer .....I would rather get the market value for the project than get suckered in to fund white elephants that happens so often to shareholders who have been manipulated by management to fund something that the industry would not go within a mile off.........I do beleive that the prices mentioned will be a starting price and that ELK would be hoping to get a bit of competition....Hopefully the cash (if we get any)can be deployed to our oilfields...the lower Shannon at Ash creek or cover the pilot project at Grieve....Hopefully when they test the frontier formations at SDS we might get some success as that would be the shortest term chance of revenue increase.....ELK need to hang tough until prices rise...and give Chris a bit more cash to find a few old oilfields..


Cheers