May 15 (Reuters) - McGrathNicol Restructuring:
* MCGRATHNICOL RESTRUCTURING APPOINTED AS VOLUNTARY ADMINISTRATORS TO ELK PETROLEUM LTD
* DIRECTORS OF ELK PETROLEUM RESOLVED TO APPOINT JASON PRESTON & BARRY KOGAN AS JOINT AND SEVERAL VOLUNTARY ADMINISTRATORS
* ADMINISTRATORS ARE UNDERTAKING AN URGENT ASSESSMENT OF ELK AND ITS OPERATIONS