Hi Risk Not sure if you are asking me if ELK will rush to buy...

Hi Risk

Not sure if you are asking me if ELK will rush to buy fields or the market generally.

There is no doubt the Aneth came along a bit early for ELK, they were originally trying to farm into the Resolute interest but when the field came on the market, they understood it was a once in a generation asset which they couldn't pass up.

Brad has stated their path to 25000 BOEPD will be a combination of

1) increasing the production in their current assets, especially Aneth,

2) increasing their equity interest in their current assets, I can see them buying out Denbury at Grieve, and picking up Conoco Phillips 46% of Madden, possibly in conjunction with Moncrief Oil.

3)They will also pick up additional EOR assets, either already in production or pre development.... the latter probably from Denbury.

Cheers

Dan