ELK Petroleum : S708A Cleansing Notice

11 July 2018

ASX Limited

Level 6, Exchange Centre 20 Bridge Street

Sydney NSW 2000

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001 (CTH)

This notice is given by Elk Petroleum Limited (ASX: ELK) ("Issuer"), under section 708A(5)(e) of the Corporations Act 2001 ("Act").

The Company today issued 22,602,739 new fully paid ordinary shares ("Shares") at an issue price of A$0.073 per Share. These Shares comprise the balance of underwriter commitments pertaining to the recently concluded Share Purchase Plan of the Company.

The Issuer advises that:

• 1. the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• 2. this notice is being given under section 708A(5)(e) of the Act;

• 3. as at the date of this notice, the Issuer has complied with:

  • (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Issuer; and

  • (b) section 674 of the Corporations Act, as it applies to the Issuer; and

• 4. as at the date of this notice, there is no information that is "excluded information" of the type referred to in sections 708A(7) and 708A(8) of the Act.

For and on behalf of the Board,

Yours faithfully,

David Franks Company Secretary Elk Petroleum Limited

ABOUT ELK PETROLEUM

Elk Petroleum Limited (ASX: ELK) is an oil and gas company specialising in Enhanced Oil Recovery (EOR), with assets located in one of the richest onshore oil regions of the USA, the Rocky Mountains. Elk's strategy is focused on applying proven EOR technologies to mature oil fields, which significantly de-risks the Company's strategy of finding and exploiting oil field reserves.