ELK 0.00% 1.4¢ elk petroleum limited

Ann: Financial advisor appointed for potential Grieve acquisition, page-6

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 217 Posts.
    I suggest you go back through the posts over the last 5 or 6 years when the whole asset was Elks to begin with and the time line went something like this :

    1. try and aquire funding to develop the asset - To risky, no one will provide the funding for 100% even though Ryder Scott provided several reports with the 2P recoverable oil, oil price $120 bbl
    2. Look for a JV to take 30% of the project and fund the development oil price $120 bbl - No takers
    3. try and aquire funding to develop the asset - To risky no one will provide the funding for 100% even though Ryder Scott provided several reports with the 2P recoverable oil, oil price $100 bbl
    4. Look for a JV to take 50% of the project and fund the development oil price $100 bbl - No takers
    5. try and aquire funding to develop the asset - To risky no one will provide the funding for 100% even though Ryder Scott provided several reports with the 2P recoverable oil, oil price $95 bbl
    6. Look for a JV to take 65% of the project and fund the development oil price $90 bbl - Enter Denbury who predict first oil in March 2015.
    7. First oil early 2017 attempt to aquire funding to buy back the 65% and an additional $70mill, oil price $48-$50bbl ??????
 
watchlist Created with Sketch. Add ELK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.