ELK elk petroleum limited

on screen buyers, page-2

  1. 306 Posts.
    G28,

    Personally I dont think that it will get much lower.

    1. Co2 could be annouced any moment
    2. ELK is in a better position post the P&A as they recouped lease costs and didnt pay for the drilling costs
    3. We now know that the Crow acreage will be developed in 08 which is a high probability play
    4. SDS is a cashcow and underwrites the SP @ around 40c so Grieve & other plays are not factored into the current SP
    4. I really liked the annoucements and am backing up the truck!

    I have bought close to 60,000 shares over the last 2 weeks and will buying more 50-100K more shares after I close a few other positions.

    This will be the last opportuntiy to increase holdings without moving the SP before take off!

    Cheers
    DJ
 
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