ELK 0.00% 1.4¢ elk petroleum limited

Ann: AGM Address to Shareholders - Managing Director, page-15

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  1. 1,722 Posts.
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    Elk have inherited a large number of staff from the seller .

    Some of them are going to be ambitious and want their own projects .

    Elk will have to keep growing to provide the opportunities to retain the star players .

    The only thing which worries me about this EOR is how upfront capex intensive it is . On the other hand there must be other companies besides Denbury with distressed balance sheets which have done their dough and don't have the money to get the projects into production .
 
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