why i'm staying, page-34

Hi MB

Your mention of a takeover has had me scratching my head.

If it were to happen (and I'm not really expecting or wanting one) now would have to be a good a time as ever.

To get started at such a low point in the share price when a lot of holders just want to quit.

Also before the horie was drilled, before SRH 1 and 2 come on stream and before the capital note raising comes into play.

If they hoover up a several million shares first in the 1-3c range then make an offer of say 4c they would get a lot of takers. of course that would bring in a trading halt while SG sorts out what they should be paying.

What would be a realistic value for GGP ? at this stage we have little cash or debt but have several producers other than the Permian and then of course we have the Permian.

I would think 5c would probably be the top end for a predatory raid. Be interested in yours or anyones thoughts.

Cheers Whisky