My impression was that this - 22 June - video-clip was a...

My impression was that this - 22 June - video-clip was a big-picture overview which did a nice job of providing exactly that high-level summary.

Details concerning contingency payments - $35 million in total; just $10 million due for the 12 months that end in October 2018 - have been shared previously. They're not secret and generally speaking, the need to pay them reinforces the reality that Elk management purchased a terrific asset at a bargain price.

Details concerning specifics of debt refinancing . . . pending completion of that balance sheet restructuring . . . don't strike me as appropriate for sharing with retail investors. It's enough for me to understand that management are on it; that Elk's considerably stronger balance-sheet will support better lending terms; and that management have previously commented that they expect to generate an incremental $20-plus million in cash-flow on completion of the refinancing.

Dilution becomes a concern only to the extent that the size of the pie remains static or shrinks. Keeping the numbers simple to illustrate, I will far rather own 2 per cent of a watermelon-sized asset than 10 per cent of a peach-sized asset.

The most recent - modest and ongoing - capital-raising exercise offered convenient participation to existing investors. I fully subscribed my own allocation because I support the dual-purpose use of the capital to be raised:

1 - to ensure that the $10 million contingency payment due in October is fully-funded without compromising ongoing organic growth
2 - to fund high-value, short-duration-payback (e.g. 180-days) investments to increase oil-production volumes organically from existing Aneth wells.

I give management a lot of credit for delivery. Consider where Elk was this time last year - just 12 months ago: No Aneth even on the horizon and Grieve not yet in production. Even so the shares traded above 10 cents multiple times during the July-September-17 quarter.

With Elk now a significant producer; with Madden already close to having achieved full pay-back; with Aneth capable of considerable organic growth; and with Grieve now producing and set to grow production further in the near-term . . . Elk shares strike me as a screaming-buy at today's sub-8-cents close.

Just my opinion - a somewhat educated opinion as I have done a bit of homework on this counter - but the answers to your "remaining questions" are definitely and absolutely!

Repeating myself, I just subscribed for the full allocation of shares made available under the current capital-raising exercise and am confident that this will prove to have been a profitable investment on my part.