ann analyst report

ann analyst report

http://www.grandgulfenergy.com/documents/Strachan-Corporate-Report-Grand-Gulf-Energy-Aug2011.pdf

Opinion*
Strachan Corporate assesses Grand Gulf
Energy?s oil and gas assets to have an
estimated value of 0.9 cents per share,
while risked exploration lifts assessed
target value to 1 cent per share.
Success value for planned and funded
exploration would take total assessed
value to 1.4 cents per share, more than
three times its current share price of 0.4
cents per share.
During H1 2012, the company should
establish a net income of about $1.5
million per quarter, freeing it to pursue
addi t ional proj ect a c q u i s i t i on an d
development.
Peter Strachan.