GGP
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0.00% 0.6¢ golden gate petroleum ltd

thank you - thank you - thank you, page-46

  1. bestmuff
    79 Posts.
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    26/06/13
    10:48
    Post #: 11928930
    AZZ up 91% on LOI for $300m sale of permian assets.

    Thats about $9200/acre.

    If we put that amount on GGP's acreage, thats around $50m or 1c SP.

    BUT, i don't think it is that simple, as AZZ are producing over 2000 boepd from their PB leases, however it goes to show, that 0.001 SP for GGP is undervalued IMHO.
    GGP Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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