I like your attitude on the outlook for GGPs future. The positives far outweigh the negatives which only said of the notes issue to dilute further.
You talk of milestones, there are plenty more to come with all 4 PB wells fully producing once the taps are opened. Bowie goes into production, the 2 EFS wells produce finally. Then lets see there is Arcadia to yet spud in a promising area close to a broken down well that has problems within itself and never fixed and then Goliad too yet to come.
Left the best till last the SRH#5 which should be the giant of all these and more to follow. Each is of its worth to be an asset to more wealth to the coffers of setting up the next hori for drilling.
One way funding will have to be found for the next hori which would be imperitive to drill as the next well for follow on funding of another well. Maybe we then with 2 horis and all the other started projects that should be producing before this 2nd hori, then we can see some real light in the tunnel.
For short term pain and the expected gain som form of funding will be needed. If notes are the only choice what option do you have.? At least for a 2nd round it will not be as bad as the 1st and with all the extra production things will look better.
So atm there is 2.5B shares out and what if it got to 3B it will not be that bad compared to other companies. Off the back of my mind EGO has a wapping 5.5B on the books and sitting on 1.3c/share and due in production about January. Very heavy diluted over the yrs with CR after CR but now on the cusp of producing. Even with over 4B it got to 4.8c on the back of a 2nd discovery and Im certain GGP can achieve this too with a few horis. and other wells producing.
Remember we are in a very rich neighbourhood with prime realestate and very rich pickings if we are in an anticipated sweetspot. History is with us and the hopes are high but shareholder support is needed too in a brim of confidence of a new rebirth of GGP as a great producer.
I think this is very achieveable.
GGP Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held