from 2010- report... I wonder how focus are doing now they have...

from 2010- report... I wonder how focus are doing now they have the Co2 option!!!

Extract:
"there are currently potential investors who remain interested in the project and who are still conducting due diligence on the large amount of technical data that has been acquired. the due diligence is expected to be completed by the end of october 2010"

Full part:
FUNdiNg FoR gRieve eoR pRoject
In May 2010, elk executed a mandate agreement with
Focus Capital Group, Inc., of New York, with the aim of
securing financing for elks Grieve Field chemical flood
eor development. Mr. Bob Brooks (Senior Managing
Director) was previously head of the uS oil and Gas
Advisory Group with Macquarie Capital in New York
and has extensive industry contacts and experience in
providing financial advice, equity and debt financing and in organising principal investments for oil and gas companies.
A comprehensive set of marketing materials on the project
was prepared and used by Focus Capital to generate
interest in the project from a range of potential investors.
At the time of writing this report, the Company has not
been able to secure the financing required for the Grieve
chemical flood eor project. there are currently potential
investors who remain interested in the project and who
are still conducting due diligence on the large amount of
technical data that has been acquired. the due diligence
is expected to be completed by the end of october 2010.
previous eor studies of the Grieve field utilising a Co2
flood are still valid and indicate the potential for higher
recoverable oil volumes; however these require larger
capital expenditure and suitable Co2 supply volumes
and timing, neither of which are currently available.
this however remains an option if Co2 became available
at competitive prices before a firm commitment is made
to proceed with the chemical flood