GGE 0.00% 0.4¢ grand gulf energy limited

That would be nice mmq1 as VIL ran from sub 2's to mid 9's and I...

  1. 2,568 Posts.
    That would be nice mmq1 as VIL ran from sub 2's to mid 9's and I very much enjoyed the ride.

    Whilst my sentiments are extremely bullish on GGEs potential we need to keep our feet on the ground as to the possible return from this play. In fact I would be over the moon with anything above 4c.

    It is worth noting that VIL reported a pre-spud potential reserve on Fausse Point of up to 10MMBO of oil and 40BCF of gas with a 50% stake whereas GGEs Napoleonville is 1.9MMBO of oil and 10.4BCF of gas (all 3 drills combined) with a 30% stake.

    Just keeping it real.

    :)
 
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