GGE 0.00% 0.6¢ grand gulf energy limited

potential cheap opportunities

  1. 599 Posts.
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    After having a bit of a read over on the GGP forum, it looks like they may be in a bit of trouble, Share Price, Director Resignation, $380,000 in the Bank etc.

    There may be an opportunity to increase our exposure to the Projects that GGP have a WI in. Should there be a sale of Projects I would like to see GGE take the initiative and get in early.

    We currenty hold 35.6%, and GGP 3.99% of Desiree. Its not much, but the well is producing good numbers and has a substantial reserve-Increasing up to 40% WI is a good thing.

    With D and L #3, GGE Holds 40.2% and GGP has a 15.3% WI. This OIL well 53.5% of a Producing well is nothing to be sneezed at.

    While the Drilling of Louise MAY be delayed (Not too sure by how long nothing has been mentioned otherwise) and WK coming online momentarily it would be good to have some more activity, especially as we have $$$ in the Bank

    I expect of the coming weeks there may be a renewed interest in GGE from the potential fall out from our cousin.

    Check out Post #: 9896875

    Im not too sure if the above can or will happen or what the cost would be...Pipe Dreams maybe???
 
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