Whisky49 I have to agree with you - the few million raised from the SPP won't be near enough to purchase more leasehold in the Permian basin; we would be paying top dollar now and besides, GGP has plenty of ground and over one hundered wells to be drilled - enough drilling for several years.
Morebull, you reckon we might not get an update until next week still? Not long to wait and there's a fair bit of newsflow to follow.
That valuation report is going to be interesting, considering the expanded value of the ground - threefold?
Cheers and have a great day everyone!
DJ
GGP Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held