I agree Dark. This smells of a "get out of jail free" card for the government, however I think GGX has a very good argument on their hands, that it would be impossible to conduct a survey on the area in 5 months as well as satisfying the 1.17M Euro expenditure. They have virtually delayed the permit until the 5 years was up.....I hope the lawyers have their way and we get our compensation and get the hell out of there, IMO, I think its too risky now to continue operations in France. Lets move the rigs in Cebu and drop the new well if approved and get the 20M barrels out of the ground. At least this will help the share price, although not great amounts of oil, but its a start....... GLA
GGX Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
(20min delay)