gge for dummies, page-29

When it comes to value for money, I reckon this offer is too good to refuse. Unless you're really, really patient, it will be very hard to pick up a sizeable parcel at 0.5cents on market given how little the volume has been recently. Plus there's the options with the offer!

So absolutely Mattlee, I will be taking up the offer.

I have a few reasons for doing so.

1. Free options are attached. Options are a real dark horse when it comes to investing, and for an O&G company they provide great leverage. 30 months until expiry. We could have drilled at least 10 and possibly upwards of 15 wells by then.

2. This company has a decent long term picture with the salt dome in my opinion. From this year alone we are looking at a share price upwards of 2cents if D&L3 and one of the high impact wells get over the line.

3. If you're one who has glasses with a shade of rose, there is 0.4c of trading below the current price, but an infinite potential value above the current price.