in the week's ahead.........., page-20

Hi Akrotiri

I think GGP has probably moved out of the spec stock space now.

The Permian basin has a long history going back to the 1920s and has been prolific. The oil is there and we are now producers have no debt at the moment and have an underwritten CR to see us through to a stage we can self finance with some help from interim non equity financing.

In a way its unfortunate in an odd way that the first well was such a ripper as anything less from now on will be seen as a negative even if it produces twice as much as we initially expected, but its a good problem to have.

We are now a producer and should be cash positive very soon and the value of our land is well in excess of our market cap.

Cheers Whisky