More speculation than fact CaptJ. Had a quick review of Kate-1...

More speculation than fact CaptJ. Had a quick review of Kate-1 and 55% of the permit owes GGX $1.8M so far. $1.2 for the drill and $600k for additional 15% of permit. Prospectivity remains in the wider permit but unlikely much to happen until 2009 according to Company report dated 31/7. "Future work will now concentrate on oil source, maturation and migration studies and then trap definition by new seismic aquisition possibly in 09".
Just wondering about next move here after some significant changes incl Dennis Morton and Russell Langusch on board and Albers investment. Looks to me like not much until 09 unless we get a curve ball imho.