Ann: Corporate Update, page-2

So....

They have a plan..

Plus they are trying to lower costs at their major asset, which I thought was already low cost.

A final debt facility will be locked in by... end of March.

Brad has indeed found things more difficult than he expected it would seem.

As the Dec Quarter has been and gone and the long stated date of actually re-structuring all the debt.

Without doubt the big fall in the oil price is a likely reason.

A bit unlucky, but.. perhaps they should have locked in huge amount of hedges when the POO was around $70?

I continue to watch and see if ELK can ever pull itself out of this rut.

Perhaps Grieve will improve enough to assist in the negotiations.