GGE 0.00% 0.6¢ grand gulf energy limited

Ann: Correction December Quarterly - Cashflow Re, page-11

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    re: Ann: Correction December Quarterly - Cas... I also liked this one re Desiree
    "The Company, with its partners, is assessing the potential for further development well." They may be able to do it from same pad with facilities in place so we can speculate as to a bigger picture.

    If we assume a well costs around $4m and 20% WI is $800k (if successful (payback in < 1Year) then once things are cleared we could do 1 every 3 months without much stress.

    Louise for me is a bit of a distraction but I am looking forward to it, probably won't add much to this Financial year and think protecting the June result imo should be the No.1 priority so we can now afford to take our time and prepare for 2015 FY. I think that would explain the jetpump on D&L3.

    All opinion only, confident but not complacent - there is always risk to consider.

    Cheers
 
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