Too many mysteries and behind the scenes machinations going on for my liking.
Let's get back to what this industry and this company is supposed to be about......drilling for oil and gas and finding the damn stuff in quantity.
So what have we got coming up to focus on ?
Well according to the last updat (17 May) these things should be going to happen during May and June. And more or less in this order.
(1)--* Napoleonville = Dugas & Leblance #1 well Rig to move on site by last week of May. (So I presume should have well spud done by early June)
(2)--* Fausse Point #1 Gas production and sales should start early June
(3)--* Silverwood = Richardson #1 well Drilling to start around mid June
(4)--* Bowtie West = Sugar Valley #1 well Drilling expected to start around mid June
Now with those 4 projects all beginning operations within a few weeks of each other then you would expect that progress reports should be coming out during late June and results through in July.
Positive results from all those projects would be a phenominal boost to confidence and shake off the current lethargy. Mind you if the world economy continues to implode with self doubt again it may not matter what they find.
GGP Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held