GGX chance of success is genuine and real.
TAG talked it up.......but no better endorsement of potential success in the KATE 1 drill, come when the company recently paid an extra $600,000 for just 15% more in this well/block.
Forget about 16 cents (mentioned here before).......the stock can gap much higher on news - and even then bigger investors may have to chase hard to procure significant amounts of stock.
Ultra conservative management - they actually had a chance to talk up their situation in the Phillippines, but Dennis Morton just not an executive where hype is part of it.
That $600,000 paid for 15% by GGX.....in my view speaks louder that this typical bullish talk by TAG:-
---------------------------------------------------
According to TAG Oil's President Drew Cadenhead, "Not only is the Canterbury Basin categorized as one of the few remaining oil and gas frontiers in the world, it also borders the city of Christchurch, which is a completely untapped natural gas market. Although this project has a higher degree of risk than our Taranaki portfolio, it provides a rare and exciting opportunity to participate in a frontier with tremendous upside."
Add to My Watchlist
What is My Watchlist?