120 million shares, at todays shareprice close of 7...

120 million shares, at todays shareprice close of 7 cents......means they have a meagre market cap of $8.5 million.

GGX have $3 million cash.

Have a 40% farm in deal for a shallow drill on land north of Christchurch NZ.

$400,000 has been spent already on 2D survey of this site which has been mapped by Tag Oil, Canada....to contain up to 200million barrels of oil. The Tag Oil boss on record ,as saying this is the most exciting prospect seen in his career.

A large oil seep was discovered on the fault perimeter of the site, and is high grade oil.

Shares in a recent placement were all picked by investors in New Zealand. They wanted alot more. Apparently this location is known about by some Kiwi oil people. No stag selling by these investors. Upside is very high...from such a low company market capitalation.

A lightweight new drill rig is on route from Canada. This rig will be transported by container to site, where it will be assembled.

Exciting stock...you simply can't have a market cap of $8 milliongoing into a drill like this with strong 2D survey backup. (well I don't think you can)