Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-20

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UnknownInvestor

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31/07/23

13:06

Post #: 69079174
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Originally posted by 256lith: ↑

Yes i seen that report in the first part of the announcement.
But if you keep reading down further they are still looking at stimulation on Jesse-2 well.

If you look (at the screenshots below), further down in the announcement , it talks about evaluating stimulation on Jesse-2 based on feedback from Blade Energy... with a short radius horizontal drilling....
Jesse-2 well is consistent with Doe Canyon field .
This is where the company is evaluating stimulation based on Blades Energy feedback....

IMO if Jesse-2 is consistent with Doe Canyon field
Jesse-2 well , this is where we should start simulation workover first.

My interpretation of the announcement is that the
BOD haven't really made up their minds on whether to
stimulate Jesse- 1well first or Jesse-2 well first , because Jesse - 3 well location hasn't been confirmed and submitted Yet , this is my understanding .

GGE need to get a Commercial flow rate and stimulation happening on Jesse -1well or Jesse-2 well first before doing a stupid Capital Raising at these prices for
Jesse- 3 well drilling .
Surely the BOD can see this is a better option for all Shareholders and Directors sharesholdings .

Expand

Yes there would be some lengthy discussions with-in the management on which direction they should go. Hopefully an annoucement soon explaining what their plan is.

GGE Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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