Molopo has just sold some north American assets at $C18.89 per barrel for proven and probable reserves.
It is clear there are many north American companies looking to acquire oil & gas assets at fair market value so it is only a matter of time before they wake up and realise ELK is sitting on 25MBO and the market is only valuing these reserves at $1 per barrel.
There is huge potential here and things are lining up well.
ELK Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held