re: Ann: Update Hereford 1 and Grieve 39A Nio...
Interesting point some may have missed in the announcement re noble gas.
"Only (noble) gas analysis from the upper interval, the Greystone Sandstone, have been received.
The gas analysis for the second flow test, the LAKOTA SANDSTONE, IS EXPECTED SOON."
So this means that there could be still some upside news coming soon in relation to noble gases from the Lakota Sandstone at Hereford #1.
Also important to note that "test results indicate that the gas flow is essentially dominated by flow from the deeper LAKOTA reservoir" so noble gas results from Lakota should be relatively more important for the company than what has been received so far from the Greystone Sandstone.
Share price is holding well so far considering the drop in the Dow and oil prices overnight.
Good luck to all holders
ELK Price at posting:
27.0¢ Sentiment: LT Buy Disclosure: Held
