GGP 0.00% 0.6¢ golden gate petroleum ltd

returns on horizontals & verticals in pb, page-24

  1. Zia
    4,156 Posts.
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    No worries whiskey, thanks should go to Jusik.

    I think it just reinforces the belief that our acreage could host great potential for horizontal drilling as your comparison shows.

    As for the selling of late, I tend to agree with beachman, I've said weeks ago that Novus would have to derisk and unload shares, regardless of how good they feel GGP's prospects are. They are a broking firm and their business is to provide capital so they will always want theirs back, no way they're going to hang on to a hundred or so million shares, they seem happy to use the notes as their investment vehicle.

    I think we're very close to the bottom now. There is that gap @ .015 which will be a real shakedown if it happens. If it did (I don't think it will) but I would expect a day like that to be characterised by this sort of candle, maybe enough to trigger some stops or the like.



    Nice pic in that presentation that I forgot to post, getting busy.

 
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