It amazes me that ELK bother having a business model when they...

It amazes me that ELK bother having a business model when they never follow it.....I suggest it is nothing more than telling the shareholders what they want to hear, and then just carry on doing (or not doing) the same old same old...



Based on the "Business Model" presented in the April investor presentation....
Ash creek would be producing around 220bopd in this current quarter. We now know they have no intention of doing anything there at this stage....Kakadu would come online in the next quarter (starts in 6weeks) producing around 330boepd. We now know they have no intention of doing anything there at this stage.......Grieve would be online producing around 830bopd in the 3rd quarter (starts in 14 weeks)Dream on!!! we would be doing really well if that came online less than 12 months behind schedule.......

"to form joint ventures for develoment and exploration"....We most certainly know that has not been happening....

And the cash burn is relentless!! Elk shareholders should be concerned!!