barnew,
Quite frankly I don't think this is good enough.
We are heading into one of the greatest O&G booms (If not the biggest, imho) and GOG has sold off ridiculously cheap.
GOG had the cash to just sit back and do nothing except post news on what was happening on their ground that was going to cost them FA.
The EP27 drill (if they put the pressure on OEX; or at least asked what drill rig they were going to look for!!) would have allowed them to raise significant cash to drill in the Cooper Basin in their own right; and reap the rewards (assuming a raising in the lead up).
Quite simply they have some of the best dirt and water in the place and have shared it with others for a bit of security at the huge cost of dilution.
I just wish BPT had never got involved and Ray was still at the helm.. Hard to believe that this company was awarded explorer of the year not long ago.
I am disgusted at what a few $ and an easy life will make people do.
GOG
great artesian oil & gas limited
