Ann: Elk puts Wyoming Assets up for sale , page-15

I agree robynjackson. We are never told what the debt is to Denbury which is growing all the time.

There is also a debt to a group of shareholders which was made earlier this year.

The pipeline is obviously worthless.

Could be some disharmony between ELK and Denbury also.

Denbury have ELK over a barrel. I wouldn't be surprised if their was some sort of clause in the Denbury debt agreement that would be detrimental to a third party. Denbury probably have first right of refusal. Debt for equity swap ? I would be surprised that after paying all the debts back that there will be much left for shareholders.

I hold worthless options.