With Oil sustaining its rise over $100/barrel and the funding/JV update imminent on Grieve, I would not be surprised if Linc Energy are eyeing this small fish off.
They have the cash, the expertise and have been acquiring similar projects in the area. It would be logical for them to swallow ELK up at this very undervalued price.....
Interesting times over the next 2-3 weeks.....
