Looks like the old GOG GOG mobile's stalled around the 28c mark...

Looks like the old GOG GOG mobile's stalled around the 28c mark for a while....

Be expecting some news re,

* Spud of new wells at end of month/start May
* Smegsey cashflow, hopefully soon.
* New deals, possibly : )

Ground looks excellent & quick calcs on back of the old envelope tell me GOG will have a nice litle pile of cash by end of next financial year (Have a nice pile now actually : )...If they don't spend on new deals?....

Hopefully it will be ear marked for an Otway developement or two :)

PEL 106 & PEL 107 look excellent for quite a long future in the Cooper....PEL 91 ....yet to be seen but in great area also being close to Middleton/Sellicks/Udacha/Christies & having previous shows from drilling.....Beach are a great asset to GOG.

The Iran/Iraq etc etc situation makes oil&gas companies a must hold at the mo......I'm thinking at some stage between now & xmas there will be another spike due to an envisaged pending crisis or two....

GOG's a No Brainer for mine but might stumble to crack the 30c mark until we get some more +ve news.....