Good entry level at these prices……paid 7.5 cents in the recent CR…share price could languish for a while.
Should be a cash cow when the Grieve oil-field is fully 'charged' in another fifteen months.
There should be regular updates on progress as the company is fully funded through to first oil……there is also the Singleton enhanced oil development etc that they will be progressing in the interim.
Worth researching:Brad Lingo has turned this company around.
Cham
ELK Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held