ELK 0.00% 1.4¢ elk petroleum limited

Ann: Quarterly Activities and Cashflow Report, page-3

  1. 11,798 Posts.
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    wow...
    While Grieve may indeed be on the mend and oil production is going as well as expected.
    The simple fact is that ELK owes over $237m US!
    The quarterly outflow for June is $40m, yet in their best quarter they have cleared $32m.
    Anyway, I feel for holders and for a while there, it seemed like ELK was a hidden gem, not to be at this stage.
 
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