Ann: Quarterly Activities and Cashflow Reports , page-2

re: Ann: Quarterly Activities and Cashflow Re... May/June looks pivotal for our share price.

"The Grieve EOR project is on schedule and Elk expects
to be able to report in the near future that the final
contractual steps are in place that will ensure the
project will be fully implemented and that the current
momentum will be maintained."

$700K cash spend for the next quarter is v. good news. Our Non-Exec and new Board seem to be kicking goals for shareholders IMO. Admin costs are slashed. Sinc the Board changes began, our share price has increased approx. 120% and has stayed there. In 7 months, the share price has increased nearly 200%. The real change began in August 2010 and the appt of the Non-Exec gave plenty of cream and support. It's a pretty exciting company to have a share in when at any time Grieve may reward us all.

GL to all - even to those that make the ongoing disparaging comments. ;)