So how can proactive investors state the GGP production has increased ??? After reading their article I thought what a load of BS.
So i did a little more reading and a lot more adding.It's a shame I needed a calculator to add up the raisings and 6 fingers to add up production.
regards
"Total production for the two week period ended 31 March stood at 1,563.4 barrels of oil equivalent compared with 1,537.7 barrels of oil equivalent the prior two weeks"
Legal issues to one side,IG to one side.The following numbers I have no doubt will be defended by some. Each to their own.
regards
7th March production report
13 days production = 104 barrels = 8 barrels/day
22nd March production report
15 days production = 102 barrels = 6.8 barrels/day
4th April production report
16 days production = 97 barrels = 6 barrels/day
Total raised since November 2011 $26.57mill to produce 6 barrels/day
$3.1 MillionPlacementCompletion_000.pdf Nov 2011 $7 mill Capital raising December 2011 $1.47 mill placement January 2012 $2.1 mill convertible loan facility January 2012 $2.9 mill private placement June 2012 $10 mill convertible note Aug 2012
GGP Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
