Ann: Grieve Update - Presentation by Denbury , page-4

Hectobar

I have no problems with them buying a new EOR technology because if the technology works the way its supposed to, it could be a game changer for ELK. Just not when they have so little money in the bank!

What i'm trying to work out is how their going to keep the company running if we won't be in a positive cash flow position until mid 2014. That's going to be a lot of capital raisings between now and mid 2014!!!

Not sure how much money (and patience) Robert Healey has left and I think i've personally participated in enough capital raisings.