ELK
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0.00% 1.4¢ elk petroleum limited

Hi Robynjackson According to the CFO, Aneth crude sells at a...

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  1. danpech
    1,109 Posts.
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    23/05/18
    15:32
    Post #: 33273221
    Hi Robynjackson

    According to the CFO, Aneth crude sells at a discount of about $5 to WTI to a refinery in fairly close by which plays hardball as it has a monopoly for the product. At the AGM, ELK said they were threating the refinery that they would truck the oil to California and recieve a premium because of the "green " nature of the EOR Aneth crude. I am not aware as to any changes to the current situation but am assuning they are still selling to the refinery.

    Resolute's position is described below,

    https://csimarket.com/stocks/markets_glance.php?code=REN

    Cheers

    Dan
    ELK Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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