ELK 0.00% 1.4¢ elk petroleum limited

RJ, I suspect that most people that believe in the ELK story are...

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    RJ,

    I suspect that most people that believe in the ELK story are expecting the oil price to rise and average much higher than $60/bbl in the medium to longer term. And by then, the hedges would have also expired giving shareholders full upside to the higher oil price.

    I doubt anyone would invest in oil companies if they were expecting any different.
 
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