GGE 12.5% 0.4¢ grand gulf energy limited

perceptions arent realities, page-19

  1. 701 Posts.
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    Hi Hammers - no reply to date.

    As posted elsewhere this sale could be for any number of reasons unrelated to the well and we should know re.the well soon enough.

    If this was a strategic sale relating to the prospects for the Company then the timing certainly seems odd in the light of the announcements that we have had to date. The only other elephant trap that I can think of is that the active litigation on the D & L #1 blow-out is shaping up ugly in respect of unrecoverable liabilities but if this was the case it would be beholden on the Company to report this material change of circumstance to us immediately and this hasn`t happened so for me it remains a puzzle.

    Fingers crossed and good luck to all holders.
 
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