Sleeping Giant, page-6

Got it now, so because of the new man in charge everything will work out.

Yeah right.

Answer me this - how were the following projections made without some estimate of the cost of production:-





see page 7:-

http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&cad=rja&uact=8&ved=0CCoQFjACahUKEwiKht_X-NLHAhUBM5QKHcu6BsA&url=http://elkpet.com/wp-content/uploads/investor-presentation_April-2014.pdf&ei=nxXkVcq6OYHm0ATL9ZqADA&usg=AFQjCNGXB1EW-WnCrFszX0GyqrW6gWk3DA

Projections (of Net Cash Flow NCF) like shown above cannot be made without some cost assumption - my guess is the projected cost of producing a barrel of oil, far exceeds the current oil price.

Happy to be proven wrong.

No disrespect intended, but this looks like a ramp, and it smells like a ramp - and your post appears to be leading the charge, or should I say "leading the lambs to the slaughter."