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ELK PETROLEUM LIMITED (ASX:ELK) - Ann: Wyoming Asset Sale Process Update, page-6 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
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  1. The Stig
    3,418 Posts.
    lightbulb Created with Sketch. 90
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    18/09/14
    21:23
    Post #: 13997041
    I felt the news would be negative given the time to assess the offers, and still no indication of the players or offers recieved. Some talk of how funding will be needed to progress.....blah blah blah.
    i think management should have known tthe market prior to deciding on sales. Returning value to holders was the driver (stated in earlier ann) the return to operators appears the real outcome.
    IMO the bigger surprise is Denbury, (they have a clear charter to partner and aquire. i was hoping they made a move to acquire, silly me.

    After years of belief, im diappointed in the management team, i note that this ann has pushed out first oil a further year with no

    explanation. Previous Ann stated March 2015.

    I'm withdrawing, my losses equate to my worst investment.
    IMO the SP will fall to under 4c before Dec.
    GLTAH
    ELK Price at posting: 8.6¢ Sentiment: Sell Disclosure: Unspecified
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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