ELK elk petroleum limited
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News: ELK Elk Petroleum says agreement reached on definitive agreements for US$55 mln

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    27/05/16
    10:52
    Post #: 17882198

    May 26 (Reuters) - Elk Petroleum Ltd (ELK) :

    • Agreement reached on definitive agreements for US$55 million Grieve Jv Restructure
    • Debt funding negotiations for restructure well advanced
    • Says an initial US$1.5 million progress payment has been made
    • Says intends to source this funding through a combination of debt and equity
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