Hi rebel, oceanic fund paid 61 cents and still holding, they keep in touch with all companies they invest in regularly from what i read on the oceanics website. They wouldnt be holding if didnt believe there is more upside past 1.20 or they would have sold when they made 100% gain. They might of made a mistake investing in gdn after all their research since cant always make the right choices, but i would have thought they would of done a lot of research into the company and would have went to utah to see the well site. They would have a better understanding then most investors since they would have staff that understand all about oil and gas companies that would have looked at other companies to invest in and they must of found something they liked with gdn to invest the amount they did.
They did say in an article they invested for the upper gas intervals and anything below was a bonus, so the upper intervals has to be worth more than 1.20.
Just my thoughts on the 2 funds investing into gdn.
GDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
