ELK 0.00% 1.4¢ elk petroleum limited

ash creek oil cut rises, page-13

  1. 374 Posts.
    Davo
    Agree the Surtek report will allow them to plot a clearer path so I look forward to hearing them state it. Your analysis is probably spot on, I simply worry about the cash balance. If they can hold off until grieve cashflow becomes available without a raising (I believe mid 2012) then those multiple millions for the chemical flood which will sweep the field anyway will be available.
 
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