just to provide balance, page-2

Where do we begin ??


1. Firstly, no doubt a burnt ex holder of GGP

2. " Light volume " LOL Since the Week of the 17th of October, 1.35 billion shares have traded out of a register of 1.5 bill - What do you class as heavy volume ?

3. The company has delivered a totally new asset during H2 2011. The Permian basin leases are a company saver/maker. No its not there yet, but it has created an opportunity to build a decent business

4. April 2012. Agree with you it is the timeframe, where significant derisking will have occured. 5 potentially producing wells, with cashflow supporting the other 5

Entry price will be a lot higher

Of course if proven non commercial, its back to the dog house


6. Yes there are a mix of experienced, and inexperienced posters on GGP. This is no different to any penny stock thread on HC. It is what makes the formu tick. Some will learn, some will get burned. Hopefully many will make some coin along the way


Key risks

CAPEX - Still very skinny

Commercial success not proven

Oppies - First 5 wells must produce commercially, for them to have a chance of being in the money. Thats the risk of leverage

Key Opportunities

Commercial success of first 5 wells see oppies potentially close to the money, and at worst have enough premium to make it worth the trade prior to expirey

This 10 wells represent Zone 1 ( 640 acres ) of a planned 12 zone roll out ( up to 120 wells )

Permian/Wolfberry, has a high success rate. Once on a roll this company has huge potential to either further develop, or sell down/JV in need