the latest announ reaffirms the potential of Growler. No water...

the latest announ reaffirms the potential of Growler. No water cut atm which is terrific for any well/field. G3 100,000 bbls! 3d seismic is being processed.
I'm not sure what is keeping this down.

I guess its a combo of factors. POO, No. of shares, lack of cash, ssp.. Eddie's close financial involvement is good and bad.
How many intend taking up the offer at 3c? that is the ultimate test of support and if it is significantly undersubscribed dont expect current sp to move much.

I think its a great med term bet and I will take up offer (i have quite a few) with the proviso it stays above 3c.