pre nr !!, page-5

Yeah that EV from La Posada really is impressive. It's high impact, so pretty risky, but if it pays off then GGE could soar.

It's dissapointing that D&L2 still hasn't stabilised with the oil flows dropping. This is part of the game with salt domes though. Unless you get the drill location just about perfect, you can get rediculous extremes from the blowout flows at D&L1 to the bugger-all flows at Sagers 1 and Clifton Lands. Hiring that resovoir engineer should help us pinpoint some pretty good locations for future wells so that we can get sustained flows rather than the volatile changes that we are witnessing at the moment. This is our first productive well of hopefully many over the coming years, so I gather that management will be learning plenty from just D&L2 alone.

Good to see that D&L3 is being planned for 'early 2011', so we should be able to get back to back wells over the coming months. Lots of activity, the market likes that.

Overall, for information and coverage, that's a good quarterly from management. They've laid it all on the table, and it doesn't look like they've tried to hide anything from us.