True that the group has done its job, and management must have some feel of the sentiment outside of their square. The notes issue I think will cease as the last showed it was of somewhat of a defeat but also in a way a compromise being halved allowing enough for the SRH#5 to be drilled.
Not a lot of options left to do now for future funding unless a white knight steps in on favourable terms in a JV or a cornerstone investor.
A long awaited reserves report will be interest to read in how much there is. From the Arturus buy it was moted as some such figure of 4.m something barrels of oil and with the now additions of the cline/strawn entered into the calculations, the figures should be somewhat better.
Swift production from ALL wells is needed ASAP allowing enough for another drill to bolster these figures again. A few quick verts would be beneficial to the cause.
Generate interest through production should allow the SP to increase.
What cash is at hand in the short term should not be used to buy more acreage/permits or it will defeat the purpose of becoming selffunded and moving onto more drills and production. Enough is held at the moment to accomplish this.
A positive approach is needed.
GGP Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
