Elk Petroleum Limited announced consolidated earnings results for the half-year ended December 31, 2017. For the period, the company reported revenue AUD 27,424,472 compared to AUD 13,705 a year ago. Loss before income tax expense was AUD 45,486,085 compared to AUD 4,468,174 a year ago. Loss after income tax expense for the year attributable to the owners of the company was AUD 45,486,085 compared to AUD 4,468,174 a year ago. Basic and diluted loss per share were 4.3 cents compared to 0.6 cents a year ago. Net cash used in operating activities was AUD 8,007,805 compared to AUD 2,601,678 a year ago. Payments for oil and gas properties and plant and equipment were AUD 191,261 compared to AUD 1,171,925 a year ago. Payments for development were AUD 11,899,874 compared to AUD 25,419,625 a year ago.