ELK 0.00% 1.4¢ elk petroleum limited

sds field sale us5.5million, page-6

  1. 374 Posts.
    SDS total reserves in the Arrowhead report were at about 860,000. 4.8million is the estimated recovery from Ash Creek. I note that since they made this original estimate also that the two progressing workovers have produced much higher oil cuts than i think they would have been expecting. Looks promising from that perspective.

    Hopefully this means that they will not issue the outstanding shares from the spp. Unless it forms part of a large stake to a oarty entering a grieve funding deal with ELK.
 
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