Thanks goodness Peter Henderson and the stink of MEL has now gone from ELK.
Really - did anyone think a 23/77 ratio was remotely fair considering ELK have real projects with real oil whilst MEL have gas and lots of it (especially that which is transmitted from its senior management, but which is unfortunatley worthless in NSW). I am very glad that MEL has terminated, and good luck with the NSW government with your permits.
Tough times over the past 12 months for the oil producing sector.
Just as well ELK will not be producing until the oil price recovers in 2016/2017.
An easy ten bagged from this territory.
DYOR - why you do you will see the value.
ELK Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
