ELK 0.00% 1.4¢ elk petroleum limited

For example the fire.Yes there is no excuse of a fire in a gas...

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    For example the fire.

    Yes there is no excuse of a fire in a gas processing plant. BUT the Operator is Conoco, one of the best oilcompanies. Means, it is a plus that a small Company as Elk, is a Partner of a Major as Conoco.

    In my opinion the negative, financial Impact of the fire is for Elk not as negative as emphasized by others because of their (and Conoco's??) insurance:

    See Feb 2019 presentation:
    Late December 2018 fire occurred in Lost Cabin Gas Plant resulting in Train 3 damage & shut-down  Elk has 11-months of business interruption insurancecovering ~US$440,000/month of gas sales revenues starting Feb 2019  Elk is fully insured for capital cost Train 3 repairs  Operator estimates 9-12 months to restoreTrain 3 operations & has started ordering long-lead items  Madden Shallow Gas Plant & Train 2 operations unaffected and fully operational 18
 
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