After a number of false starts, things appear to be finally turning around at ELK Headquarters. Looking forward to seeing the re-rating after the Grieve Project Approvals are announced this week.
Also Check out their new website - I especially like the "Elk Petroleum is Australia's only Enhanced Oil Recovery (EOR) production company listed on the ASX".
I don't think the Australian market understands the value of this company in the slightest.
With Grieve Project approvals finalized, imminent Niobrara positive news flow and sustainable cash flow from Ash Creek should see this unique stock finally reach the value it has promised for so long.
You only have to look at the skinny sell side depth to see where this is headed with the upcoming news....
ELK Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
