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ELK PETROLEUM LIMITED (ELK)


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General Information
Company Name: ELK Petroleum Limited
Stock Code: ELK
Website: www.elkpet.com
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 30
Equiv. Shares (M): 168

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.180 $ 0.180 $ 0.180 $ 0.180 $ 0.180 23,307 0%

Company Overview

Business Description:
ELK Petroleum Limited (ELK) is an Australian based company that has interests in petroleum development assets in USA. ELK’s asset base comprises 100% working interests in two fields in Wyoming, Grieve and Ash Creek, and a 50% working interest in a gas discovery in Montana. ELK currently focuses on the Rocky Mountains in USA and has three main projects: Grief Field EOR, Niobrara, and Ash Creek Projects.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -3.9 -2.9 -- 0.0 0.0 0.0 --
2011  A -2.5 -2.2 -- 0.0 0.0 0.0 --
2010  A -3.3 -3.3 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Beach Energy (BPT) $1,610 M 0.7828 -0.2483 0.1432 11.9924 15.9548 13.9560 0.0177 0.0177 0.0177
ELK Petroleum (ELK) $30 M -- -- -- -- -- -- 0.0000 -- --
Oil Search (OSH) $10,720 M -0.3691 0.0607 1.8198 72.4638 68.3177 24.2277 0.0048 0.0051 0.0051
Santos (STO) $12,623 M -0.1141 0.3991 0.2473 29.0695 20.7778 16.6582 0.0229 0.0229 0.0229
Woodside Petroleum (WPL) $31,028 M 0.1834 0.0142 0.1159 15.4591 15.2433 13.6603 0.0332 0.0527 0.0585

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ELK -- -- 3.35 -- 69.2
Market 1.10 12.9 0.91 2.56 2.61
Sector 1.34 15.7 0.79 2.28 5.20

Directors
Name Position Start Date
Mr Robert Cook Chief Executive Officer,Managing Director 08 April 2005
Dr Neale Taylor Executive Chairman 06 September 2010
Mr Barry Lyle Smith Non-Executive Director 31 July 2012
Mr Anthony (Tony) James Strasser Non-Executive Director (other) 14 October 2008

Management
Name Position
Andrew William Bursill Joint Company Secretary
David Franks Joint Company Secretary

Substantial Shareholders
Holding Name
34,107,474 (23.06%) Healey, Robert Anthony and associates
16,709,760 (11.30%) Begley Superannuation Co Pty Ltd

Calendar of Events
Date Event
28 April 2014 Report (Quarterly)
29 January 2014 Report (Quarterly)
29 October 2013 Report (Quarterly)
15 October 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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