padre island update, page-5

ggp potentially undervalued Latest announcement is very positive IMHO - 1000 ft of gas bearing sands spread over 4 zones

This is the first well to be drilled in 8 well program
On a p50 basis, the value of this well is worth > 170 cps fully diluted if successful.

Two other high impact wells in drilling programme with manzano (drilling this month) and murdock south (both potentially worth at least 100 - 150 cps each based on p50).

Moreover, wells are lower risk than the norm.

It is hard to understand the market sometimes... making me feel foolish for rushing out to buy at 50.5c .. :-(