April is real important, but don't write off March.
With what management has told us, decisions need to be made asap for chemical injection to give the quickest and most cost effective cash flow .....and hasn't ELK's pipeline of projects got a huge upside once we secure this cash flow.
I remember Andy saying when he came on board he needed 12 mths in this company to start deliving results, with that time now expired,I believe everything is now gaining momentium for this to happen. Todays rediculously low s/p will be seen as a lost opportunity to put more of these in the draw.
Elk is still a very tightly held oil/gas play with only 62 million shares on issue and with enormous upside . For those reasons any favourable production news now, with oil prices rising, the s/p will be driven up very quickly.
ELK Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held