They don't have a heap but probably have enough money to progress and a successful farmout on Perry Ranch will also help not just financially but technically. From the 1/2 yearly - "The Company is seeking a partner to acquire between 25% to 50% of its 100% Working Interest before progressing with the Perry #1 well.
Worth keeping an eye on for any news flow, the conventional wells and workovers/recompletions are low cost and give good payback if successful. There are worse coys financials with higher mkt caps but looks like it's out of favour for a while. GLTA
GEV Price at posting:
1.8¢ Sentiment: LT Buy Disclosure: Held
