try raising 90mill with oil at $67..elw will put this to use
elw flush with cash and in a great position to build shareholder value by acquiring opportunities from weak hands....this last paragraph in earnings report sums it up. Capitalizing on its balance sheet strength, Elkwater continues to seek value driven acquisitions, including the consolidation of land positions in existing project areas, as well as seeking new opportunities in complementary shallow, light oil horizons within its Central Alberta core region. In addition, the Company is sharply focused on delivering high growth rates in production and cash flows, as well as adding future inventory locations to sustain longer-term growth Read more at https://www.stockhouse.com/companies/bullboard/v.elw/elkwater-resources-ltd#BWAbvxXg8MAiitA0.99