Not too bad a post at all SL,You are spot on with:Discuss the...

Not too bad a post at all SL,

You are spot on with:

Discuss the pro's and cons. And let people DTOR (DYOR)

Provide information for others to assess that information,
By your own post:

Pro’s and Neutrals:

a. Unproven GAS Field - Disagree, but that’s why at these prices, I feel this is a good speculative punt. See note ‘e’ below.

b. 30 years old. - Agree, Prices not the same as 30 years ago,

and then,

c. Drilling Technology has improved. (Evolved seems to be the word of the week :),

d. One well had a blow out and 17mmscfd measured (no time or duration, but certainly more positive than negative)

e. The Povorotnoye IS classified as a DISCOVERED Resource. (Not yet classed as RECOVERABLE, but this surely rates the success chances much better, even if slightly higher, bettering the odds for, rather than drilling from scratch is another good thing) Pgs 4-5 of the 2011 Ukraine Operations, link previous in this thread.

f. We have access to valuation reports, which were compiled without any input from GDN. C$0.28cps (given previous owners total shares at the time, our total shares now, price of gas then, prices of gas now, any difference would be marginal, so in my opinion, I’ll work with this for now).

Whilst I might use this value, it’s only for my diagnosis of future value possibilities. I make no representation that IT IS worth this now. I would however, by happy to just see 10% of it soon ?. ($0.028 heads) – This would make my oppies worth about $0.02-$0.022, or 400% increased from where they are now, vs a 90% approx. increase on the heads.

G. I am happy with what I have researched on Mr Wal Muir. (Previously stated post in this topic line).
I. Expertise and management changes. (Mr Wal Muir, and AWT on board) – Maybe there’s more to come ?
j. Same report as above Ukraine Operations. This provides an 86.7% chance of encountering at least ONE hydrocarbon bearing prospect, in either the M3 or M4 Zone. (I have brought shares in companies with a heck of a lot less chance than that). Not mentioning multiple zones encountered, in one or both Zones.

k. Short time line until activities commence.

Cons and Considerations:

A1. Your pet one :)
Management practises of old and lingering negative sentiment:

i. I believe this to be being addressed. We see Wal Muir and AWT appointed.

ii. Just because PREVIOUSLY they mucked up the management, doesn’t mean that the NEW ASSET (POV) is not of value. With new leadership, advisors appointed lets look at the asset.
Look at the Asset, that’s what I’m doing.

iii. Theres seems to be some nice volumes going through. Obviously someone is buying and someone is selling. Great to see buying. Value at current prices.

A2. Requirement to raise funds for drilling POV:

i. I am hoping they farm out GE70 II, or sell completely. With limited time until June and drilling POV, I don’t think we have to wait long for news.

ii. Second option, Farm Out some of POV for funds.

Now just because you disagree with my post, dont call it a ramp. It has best information available and researchable by anyone.
I have not made any outlandish statements like we will see $1.00 by Xmas, 10 Bagger in 3 months.

If you can provide any further negative (or positive), substanciateable information, please post it.

If you have a opinion, please post it....just not spam it and continually harass the forum with same same same posts.

You can't counter a substanciateable fact, with opinion or deep down dark resentment.

Again, lets just see how this pans out over the next 1,2,3-6 months.

Thanks you for restructuring your posts into a conversation. Thumbs up from me on that at least :)