ELK 0.00% 1.4¢ elk petroleum limited

Hi Pawnking, I think we are close too.I think today's...

  1. 954 Posts.
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    Hi Pawnking, I think we are close too.

    I think today's announcement is a positive. They drilled this well with no seismic, and their theory is based on some good geological work and extrapolating what they know from Ash Creek. I didn't expect them to hit anything but they have encountered gas shows/indications over 2,500 feet.

    This confirms for me that this is a gas prone area and if they drill enough wells they will find a commercial accumulation sooner or later. And I bet it will be a sizeable field.

    Also, the teapot and parkman sands had higher gas readings so that augers well for when they test these at Ash Creek.
 
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