Please feel free to view HOG's presentation. Not for cross pollination on this thread, but relevence to our task ahead, and location is perfect example of what we MIGHT REASONABLY expect.
I associated a number of key similarities and considerations:
a. Location (Ukraine), b. Easy of Operations in Ukraine now, c. Revenue they are acummulating, d. Thier SP in comparison leaves GDN undervalued at the moment (regardless of their Cash on Hand which is 5 x ours) e. Gas Price, (almost $10.00 net) f. Ukraines need for the gas/oil, g. Similar Drill costs (9mil$), h. Ill let you see the Significant Growth Potential for the Ukraine :), page 6 - Yep, that many TCF!! - Nice to be on location already, i. Our drill is targetting 50% more than the Sorochynska.
Lots of juicy similarities there. Ill let you digest.
For me, more than happy being an early entrant into the Ukraine Areas. It gives GDN some perspective now :)
GDN Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
