Here's what we need to know urgently to get some +ve movement in the share price:
a. Flow rates for the Oil in Malolos1?
b. Flow rates for the gas in Malolos1?
c. Are they both of commercial quantity?
d. If yes, Are they able to do a deal & sell oil/gas to a local power station (& does this power station exist now?)
e. If they are how do they propose to get them both up?
f. Where/how are they going to store/pipe the oil/gas?
g. How is GGX going to pay for all this?
h. If we only have $2m odd in cash who are they going to JV with & when to make the above happen?
Lots of answers needed & until the market hears them there won't be much movement in the SP.
They MUST be very very close to tapping the gas seams & also working out flow rates for the oil. Fingers crossed.
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