ELK elk petroleum limited
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its time

  1. davo22
    4,837 Posts.
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    08/05/09
    23:42
    Post #: 5113642
    The oil price has been rising strongly lately.....Greive oil worth over $50, over $70 for the life of the project...sub $20 capital/recovery costs.....if they cant get a JV done now then they are seriously incompetent (not that they werent before).....and yes the oil price may rise , but it may also go down and if that happens ELK is stuffed again.....get a JV done and then go looking for the next Grieve!!!!......Management need to get on with it becouse the damage they do to the majority of shareholders by raising capital, is massive!!!!
    ELK Price at posting: 9.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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