Club Mulgoa

Monday, October 01, 2012

ELK

http://www.theaustralian.com.au/business/opinion/elk-looks-well-as-it-roams-the-rockies/story-e6frg9lo-1226483783661

Unless you are a subscriber, you might not be able to open the above link.  ELK presented at the last Proactive Investors Forum.  The technology is not new.  It also evokes less controversy than fracking.  What is great for ELK is the ability to extract oil from 'exhausted' oil deposits and the backing of a USD$6-7 billion dollar company.  Most of the work has been done for it and it just have to go and squeeze out the oil from the ground.  The CEO is extremely confident about the boost in the share price but most CEOs are like that.  Nothing in the article is new but sometimes when a journalist takes an interest, the share price can move.

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