Elk Petroleum Limited announced adjusted consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of USD 95,119,659, adjusted EBITDAX of USD 13,498,866 and adjusted loss after income tax expense of USD 572,066. Net cash used in operating activities was USD 3,734,500 against USD 3,083,970 for the same period a year ago. Acquisition of oil and gas plant and equipment was USD 5,678,100 against USD 2,711,000 for the same period a year ago. Payment for development expenditure was USD 14,257,700 against USD 38,149,546 for the same period a year ago. Adjusted Net Profit was USD 1.4 million ­ up from prior year loss of USD 6,740,774.