another elk -lou lists noon fri est
LOU has 30m shares on issue. Metro Energy is the operator for LOU & also were/are the operators for THK which is another listed success story with 15 wells in the USA.So if LOU does half as well as THK & ELK it will be a winner. I managed to get a few shares in LOU.
'Production methods inthe Caddo Pine Island Field have changed little in the last 50 years. Many of the owners of these Chalk wells are smaller operators & do not have the financial means or ability to engage adnabced recovery techniques, such as the use of mobile swabbing units.Management believes this presents significant opportunities to LOU, & the application of advanced recovery techniques has the potential to provide the company with substantial benefits.'
ELK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
