There should be some regular news updates over the next few months, judging by the company's urgency to raise the $7m.
At least we know they have the funding for the core well - success there with some early production would give the SP a kick in the pants. I wish Davo was still posting... he would have a good idea on what to expect in terms of production if they strike black gold - he seemed to have an understanding of what was needed to progress things at Ash Creek.
For the moment we should remind ourselves that every day is a day closer to production out of Grieve...IF we get the govt green light! Expected production is further out than I had hoped and this must also be weighing in the SP - 2014 is too long to wait for many I'd expect.
DJ
The oil price has held up incredibly well as of late listless. I was expecting it would trend down with other commodities but yes it's stil hovering over $90 (Nymex).
ELK Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
