Elk Petroleum Limited reported consolidated earnings results for the year ended 30 June 2017. For the year, revenue was USD 4,964,568 against USD 44,184 a year ago. Loss before income tax expense was USD 8,117,522 against USD 5,224,379 a year ago. Loss after income tax expense for the year attributable to the owners of the company was USD 8,117,522 against USD 5,224,379 a year ago. Basic and diluted loss per share was 1 cents against 2 cents a year ago. Net cash used in operating activities was USD 3,083,970 against USD 3,122,022 a year ago. Acquisition of plant and equipment was USD 2,711,000 against USD 127,724 a year ago. Exploration and development expenditure was USD 38,149,546 against USD 2,106,102 a year ago.