July 19 (Reuters) - Elk Petroleum Ltd (ELK) :
- OPTIMISED ANETH OIL PRICE HEDGING TO GET EXPOSURE TO HIGHER CRUDE OIL PRICES IN 2019 ON 4,000 BBL/DAY OF PRODUCTION FROM ANETH OIL FIELD
- IN RECENT TRANSACTION SOLD FORWARD PUTS AND CALLS TO FINANCE PURCHASE OF A $53.80 - $60.00 CALL SPREAD IN 2019 ON 4,000 BBL/DAY