I really don't even want to talk about this..This is some free...

I really don't even want to talk about this..

This is some free advice to the parasites at ELK, when attempting to raise funds, try working up a business plan with accurate detail, time frames, expenditures and marry it all together with milestones. MILESTONES NOT MILLSTONES

This is never ever going to cut it any more -the game is up boys! I hear the death rattle.

Obe
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Use of Funds
The funds raised by the capital raising will be used as follows:
Ash Creek field redevelopment costs that include drilling out wells, new well production equipment, new production facilities, electrical hook-ups, and injection facilities
Grieve Enhanced Oil Recovery (EOR) project funding for work-overs of existing wells, early commitment to long lead time equipment for the project, well surveys, and well drilling permits and approvals.
Hereford potential shallow gas drilling, capitalisation of the existing gas stream
Sand Draw South funding for well work over and equipment purchases to maintain/increase production
Working Capital