April production 10% higher than march. May production numbers should be significantly higher as #11 well was placed back on line in late april and at 30th april they were perforating #1 well.
Its amazing that ELK investors focus so much on current production when most small oil companies are valued on their potential future production, years down the track. They show more excitment for funds raised via placements than we do for increases in production.
The main game -
CO2 - JV - Muddy formation
Upper Sands
Acquisitions
Deeper sands below the Muddy
Cheers
sandraw south april production less than 200 b, page-2
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