the numbers, page-7

For anyone who hasn't seen it, it is worth reviewing the Strachan report done last August which is on company website:

http://www.grandgulfenergy.com/documents/Strachan-Corporate-Report-Grand-Gulf-Energy-Aug2011.pdf

Opinion..."Success value for planned and funded exploration would take total assessed value to 1.4 cents per share, more than three times its current share price of 0.4 cents per share." IMO things are better now with more prospects and delivery of La Posada.

Also thanks to all for some good insights this weekend. Remember -"The ox is slow but the earth is patient" (Favourite line from High Road to China)

Notes: For Vermilion there is nearby well activity in Erath and Aberville which are on the Sontis and may give some insight. Also a good map of Salt Dome activity in the recent MAD presentation. We are in some good areas which are atracting interest. I don't have any MAD but its a good picture and shows wells around Danbury.

The week should be entertaining if nothing else!