What does GGP have now?
-Some island that cannot be developed due to partner bankruptcy.
-Unpoven and doubtful FP prospect.
-Dropping rates from Bulleye. Not even 250 BOPD total.
-80 BOEPD average flow from SV. Regardless of quality of oil, 80 is just not good enough. Did I mention water issue?
-No idea whats going on with Bowie.
-Some dusters and blow out at NV, some should produce at insignificant 15%.
-5mil Cash
Worth this 18mil MC?