ggp has turned the corner - onwards and upward, page-24

1031,

Have you heard of transparency or full disclosure to SHERs.???

The company has very little cash reserves from all reports but $1.5m magicly turns up for a drill and still cash for other things on hand.

Quarterly accs 1/5/13 says $1.2m cash on hand, ongoing costs to #s 1&2 and 5 alone would have chewed a fair bit of this up besides other companies expenses run of the mill stuff. Very little production since and that does not make up the diff.

Drilling wells as quick as you want them don't happen overnight and is a long drawn out process. Next wells we imagine will be horis, that's where the big cash is needed to pay for it. Another hori is going to need at least $2.5m revenue/mth to do a CDP in another 120 days as required. Cant see it happening at the moment on present production and allowing for #s 5 and 6 online. Another 1-2 mths before #5 fully delivers whatever.

Do you think they will get $7.5m for the next one after #6.??? What happens if #5 doesn't deliver say more than 300-400 bs/day tops.???? #6 could be a dud and deliver less than the #s 1,2,3 and 4 wells, then what.???

Time for you to think REALISTIC and outside the square you live in.

They badly need a JV to be up to your expectations.