changed my view, page-48

hummmmmmph...
Havent had the G&T yet.

R15

I heard the whispers in the "cabbage patch"... LOL

But seriousily I really dont think GGE will get involved in the GGP/PB acreage. As free-flowing as the Oil is there and risks seem minimal the PB would be a springboard into something bigger for GGP. However as GGP would/should always have some insurance and derisk its acreage it would be looking for someone with a healthy bank account already to fund further rigs, siesmics and expertise. GGE doesnt fit that bill.

GGE doesnt have any W/I over 15% apart from the highly risky Napville prospect, which just shows where it stands. And my feeling is that Chas just likes it that way.

But until VR, Desi and PU make things a little clearer I have no doubt GGE will eventually go on the sale block and Chas will knick off to TMK permanently where he can play with his toy alone.

T1