I think they will be developing the field too, that one sentence with the increased percentages does show confidence in gdn just waiting for investors to see it too. The agreement with eclipse is for drilling of 2 wells, and once they have done this i think they will have over 10 000 Ha of land. Thats just for the oil and gas projects. Since this one structure is only 2000 Ha, got to wonder what they might find on the other 8000.
I guess its a long way away before they will look at that area but maybe when they spoke to oceanic who would of seen all the reports and visited the site they saw the long term potential in this project after the first well.
The fund is also looking at uranium companies and if they had been negotiation for 3 months by then maybe that was mentioned aswell. Dont think they would keep that from them.
Just my thoughts though could all be wrong though.
GDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
