where elk sits in the global implosion, page-3

DJ
I do think we are well placed and agree that if things continue to deteriorate it will be vital to sit on as much cash as possible. Probably increases the importance of getting the Niobrara farmed out ASAP.

To the above post I forgot to add the AUD$, if interest rates start to go lower we could see money pulled out of Aus and the dollar head south. Also WTI is trading at a significant discount to brent and others, the downside for WTI could be limited as this is corrected.
Cheers