Newsflash.. ELK have secured Denbury to pay all costs of developing the Grieve oilfield. Oil production likely within 12 months. Long lead time items ordered, pipelines secured, workovers underway...Nope no results here!!!
Previous reports were based around what ELK hoped to do, as opposed to now where they are based around what DENBURY IS DOING!!
With Grieve finalised I am sure the other projects are recieving significantly more attention. Elk have 12months to navigate carefully and then it is clear sailing..
Cheers
ELK Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held