update released on merger with ggx

A big dilution for limited benefit I reckon. They dress up the GGX conventional assets but a company with a shareprice of 6 cents that is only capitalised at $9.7m and raised $4m at 20 cents in 2005 and has as far as i can see done NOTHING and gone NOWHERE since then ... IS NOT A GREAT CATCH ... IMHO of course!

I note also that although they mention the csg potential and the new board's expertise in this area they head the presentation with "Building a High Reward Conventional Oil & Gas Exploration Company" and finish it with "Clear focus on conventional oil and gas exploration". So what ARE they going to do with the CSG assets??????????

This is the bit about investing that I hate ... there's so many "games" played and second and third agendas that we don't know about and yet we have to make investment decisions ... its bollocks!!

H