GGP 0.00% 0.6¢ golden gate petroleum ltd

what distinguishes ggp from others

  1. 5,487 Posts.
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    There are many many companies on the ASX which are fundamentally strong.. and have great prospects.. but the big drill or announcement is not due for months. In this environment.. the SP of these types of companies would have declined significantly.

    So what does GGP have that most other small caps dont? Its all about timing people. GGP have gone through the sliding SP phase... unjustified slide for the past 3 months due to the lack of announcements and spuds.

    Well the time has come for GGP.. and the company is looking in very good shape. Key paragraph in the announcement was around the comment around future drilling commitments being funded by revenue and current cash i.e. no future cap raisings expected.

    Spuds to look out for in the coming week:
    Napoleonville (15% of 500bcf)
    Silverwood
    Bowtie

    Enough firepower to drive GGP's SP to 5c+ in the coming month or two. Pending success ofcourse.. but anticipation after spud will be enough to push SP above 3c IMO

    Buy low, sell high. Goodluck!
 
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Currently unlisted public company.

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