OPERATIONS

Aneth to add 60% to Elk's 1P reserves

ELK Petroleum has completed a A$13.5 million capital raising at 7.3c per share, supported by its existing institutional and sophisticated investors, with the price a 5% discount on the company's closing share price of May 4.

Capital raising to go to Aneth improvements to lift 1C reserves

Capital raising to go to Aneth improvements to lift 1C reserves

The money will go towards projects expected to add US$144 million in value to the Aneth oil field in Utah in the US, and support the Aneth contingent purchase price oil payment. Elk says its placement...

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