broken the down trend..one to watch

GOG has recently broken its down trend and is currently in consolidating mode

Its got a JV with BUL which is a CBM, noting that BUL is now with the help of QGC operations leader who brought QGC to production in 2004.

GOG has good acreage in the cooper basin which yields a 80% success rate. Although you won't get spectacular gas finds, being infrstructure friendly, and geogrphically understood, what you will get are probably gas finds and early cashflow which will bring more projects online. Its a strategy that emerging US gas companies take on, and have been successful in.

If we look at BUL, CVN etc, the sp of those companies have done extremely well as they have turned their attention to CBM.

Its a hot industry and GOG has placed itslef in the position to capitalise like its emerging peers.

Great spec play to watch,

Lets see how we go in the next few weeks

DYOR