ELK 0.00% 1.4¢ elk petroleum limited

re: Ann: Quarterly Activities and Cashflow Re... Ash Creek looks...

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  1. 7,857 Posts.
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    re: Ann: Quarterly Activities and Cashflow Re... Ash Creek looks like a giant dud. Every quarter the receipts from sale of oil is substantially less than the production costs.

    $726,000 in admin costs. Every quarter the company will need to raise a million dollars to get by. Meanwhile every quarter Grieve gets pushed out and the debt to Denbury gets bigger.

    No more talk of pipe sale either. Pipe dream ?
 
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