Hi Spec
Not that it will make a difference for you but the Grieve production figures you quoted are the initial production rates...at the end of CY 2018 Grieve is modelled to be at 2100 BOPD and ELK will get 75 % of the profit those barrels generate.
Can't fault you for not wanting to get in at this stage and in all honesty, if I wasn't a holder, I would be baulking right now as well . Having said that, my itchy buy finger would be hovering over the button.
Brad is a good operator, he says he doesn't go into any situation without plan A, B and C... and we are at plan A at this stage.
Hopefully the sellers give you a price that will let you enter.
Cheers
Dan
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