Johnnyd, I have an altogether different interpretation of announcement of 19.3.2012 regarding:
"GGP has been in discussions with other oil and industry related companies interested in partnering with us in the development of our acreage position which now appears to represent a project several times larger than originally estimated. A partner in this project would provide the added capital to take advantage of the multiple intervals that have the potential for horizontal drilling. It would also accelerate the development program to GGP’s financial benefit"
This could be just another nice dressed up way of saying that we will be running out of money so soon after a CR and with all our test holes not bringing in much revenue, if any, WE ARE going to have to find a joint venture partner in order to proceed. What do you think of that?
GGP Price at posting:
1.9¢ Sentiment: None Disclosure: Held