Grieve #39A testing of Oil Shows in the Niobrara Further to advice provided on Wednesday 14th October 2009, the Company is able to provide the following update; „h The work-over rig was mobilised on Friday (USA time) and is currently on location at the Grieve #39A well site. „h The work-over operations are scheduled to commence Monday morning (USA time). „h The zone of interest in the Niobrara formation is expected to be perforated either late Monday or early Tuesday. „h Acidising of the perforated zone should follow immediately after perforating, and swabbing of the well will then commence to test for free oil. On behalf of the Board. Andy Rigg Managing Director/Chief Executive Officer ELK PETROLEUM LIMITED DIRECTORS / OFFICERS L40 Northpoint 100 Miller St North Sydney 2060 PO Box 1717 North Sydney 2059 Tel +61 2 9510 0030 Fax +61 2 9510 0003 Peter Power
ELK Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held