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 ?
ELK Price at posting:
7.2¢ Sentiment: Hold Disclosure: Not Held