Todays announcement should prove to be a company maker,...

Todays announcement should prove to be a company maker, announcements don't get much better. 20+mil barrels can potentially be unlocked with this agreement. New management have passed their first test with flying colours and it bodes very well for the future. I heard some very positive feedback about ELKs directors today from a very good source and it certainly gave me a lot of confidence going forward. I bought a few more today and expect a re-rating over the next few weeks as investors absorb this announcement and Ash creek comes online. Give it a few days to clear those looking for an exit and we should move up. All coming together very nicely and I beleive we now have a management team who will put shareholders interests first which is more than can be said for 90% of small cap oil and gas companys. $300mil NPV vs $22mil Mkt cap gives plenty of room to deal on a jv and still reward shareholders in a big way.
Cheers