GTR 25.0% 0.5¢ gti energy ltd

What am I missing here. Why would GTR acquire a lease which has...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,365 Posts.
    lightbulb Created with Sketch. 692
    What am I missing here. Why would GTR acquire a lease which has been peppered with 1500 holes decade's ago clearly no one else wanted. It's beyond belief attributing a value to drilling holes which results were deemed unviable by the majors as the headline. Im sure Exxon and Shell have leases they have wasted billions on off shore oil drilling they will sell to GTR if they want to evaluate there drill logs also. Hopefully there a pump to clear the new raising stock.
 
watchlist Created with Sketch. Add GTR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.