I guess it depends on your definition of positive results and whether you are a short/long term holder. If you look through the previous threads you will see that most long term holders believe that this stock will be a multi bagger if you are prepared to wait until the market re-rates ELK.
My definition of positive results include 1.Ryder Scott has stated that Grieve has 18.6m 3P reserves which will become 1P once the field is completely re-pressurised. 2.ELK has acquired some exciting gas prospects 3.ELK operations are cash flow postive
So while most exploration company at the mercy of the markets to raise capital, ELK's is self sufficient.
What we are all waiting for is a CO2 source and a JV partner to pay for it!
The general consensus from those following ELK is that this will occur anytime soon. My guess is that this will be finalised in July
ELK Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
