still believe gge=ssn, page-21

Just my opinion here, so bare with me.

We all know that Monday's announcement really values GGE in the region of 1.2c-1.5c per share. The fact that this rally hasn't come to fruition so far might have an effect on the timing of the SPP. Ideally, (and I believe the directors are aware of this) the higher the SPP price the better because then there is less dilution. So I would personally rather they wait to redo the SPP until we are well and truly into the 1cent range. If the market doesn't wake up in the next few days about what 150BOEPD would do for the company, then I predict range trading between 0.7c-0.9c in the next few weeks or so until we get the well into the full production stage.

When we get sales figures released to the market then that could well be when the market sits back and says "hey wait on, what is GGE doing trading at 0.8cents with this revenue flowing in, time to jack up the price to 1.5cents". That's probably when the directors will pull the pin and get that SPP done and dusted, and that time will most likely be in the last two weeks of December by my reckoning. If we secure the cash by early January, then I beleive we can get on to drilling D&L3 in January (I would prefer they go for a proven prospect first) followed soon after by Mound II (which is more a wildcat prospect at the moment).

So to summarise that mumble of jumble, a good timeline of events for the next few months would be...

# 3rd Week of December - First Sales Figures (this should give the share price a healthy kick into the 1s)

# A few days later - RI at 1.0-1.2cents to raise $8M in capital to fund 3-4 new wells in the first half of 2011

# Early January - secure cash from RI

# Mid January - announcement the scheduling of D&L3, Mound II and most likely one or two other wells

# Late January/Early February - commence D&L3

# By the end of Q1 2011 - 90 day flowrates from D&L2, hopefully some success at D&L3, preliminary results from Mound II, commencement of drilling another well

There will be alot of action in the comeing months. We as shareholders have been sitting on our hands recently waiting for the illusive breakthrough. Well Monday delivered that breakthrough, and now there should be no stopping GGE from going at some more wells with all guns blazing. The stars are finally aligning!