GGE 0.00% 0.4¢ grand gulf energy limited

7 electric logs confirm discovery, page-24

  1. 3,383 Posts.
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    I think Mac bank are just covering their cash position in case of environmental (salt dome collapse) disaster - while keeping some skin in the game in case there is a big discovery and everything works out.

    Think if you worked for Mac Bank - and lets say gge was wiped out by the environmental risk - and then you have to answer to your boss. "So you knew about the enviro risks - but you didnt do anything?"

    So common sense for them to recover a little cash - just in case - even if the risk of enviro wipe out is only 10%.

    By the way - Flux seems to be spot on in his predictions of which drills will pay and which wont... keep up the good work.

 
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