ELK 0.00% 1.4¢ elk petroleum limited

Ann: Crow Tribe Dispute Update, page-3

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  1. 1,722 Posts.
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    If only it was only a million USD we are talking about .

    "Elk is liable for payments under the IMDAA" (Indian Mineral Development Act Agreement (IMDAA)) .

    At best case this sounds like ongoing royalty payments to the Crow .

    Could extend to commitments to putting as many Crow workers as possible on the payroll and using Crow service companies . Maybe even basic building medical clinics or funding schools .

    At worst it sounds like delays on top .

    Perhaps that is why Denbury got cold feet ?
 
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