The price movement is largely based on market sentiment. Back...

The price movement is largely based on market sentiment.

Back when GOG floated it went from 20c to 42c on the news of its first drill success (Nutmeg-1). Now it has climbed to 26c and GOG has Smegsy Gas contract, Kiania-1 oil discovery, Paranta-1 gas and condensate discovery, and Nutmeg on the books.

Yes, GOG has issued more shares over the last couple of years, but the market sentiment will always vary.

The big difference between now and when GOG was last at 30c is that it is on the verge of producing positive cashflow, and the market will re-rate GOG purely on this.