Elk Petroleum Limited announced unaudited consolidated earnings results for the half-year ended December 31, 2016. For the period, the company reported other income of AUD 18,348 compared to AUD 1,756 a year ago. Loss before income tax expense was AUD 5,930,356 compared to AUD 3,463,831 a year ago. Loss after income tax expense for the year attributable to the owners of the company was AUD 5,930,356 compared to AUD 3,463,831 a year ago. Basic and diluted loss per share were 0.75 cents compared to 1.69 cents a year ago. Net cash used in operating activities was AUD 3,447,214 compared to AUD 1,616,728 a year ago. Payments for oil and gas properties and plant and equipment were AUD 1,540,210 compared to AUD 211,812 a year ago. Payments for development were AUD 33,962,492 compared to AUD 31,797 a year ago.