And so what.The market knows all of this and the result is what...

And so what.

The market knows all of this and the result is what we have seen: a fall from 36 cents a share prior to the JV being announced to a low of 16 cents before recovering to the sub 20 cent area.

A Big yawn.

Break the company into a royalty trust for the G field and pipeline and a stub for the rest.

The royalty trust would allow shareholders to get the benefit of the cash flow and the current ELK BOD and management could run the stub into the ground.

A the royalty trust would sell for upwards of 40 cents a share or more and the stub................a couple of cents as it is basically worthless.