G'day Sandy.
Many thanks for the link, well done.
As far as I can ascertain, that release means that the J.V. has officially accepted the 'G.P.C.' development proposal conditional only on DoE approval.
This is very very good news!
: )
This is the last hurdle for Galoc, the question from the market will be the state of the Phillipine DoE.
Simple rubber stamp or to play hard-ball & what time-frames for said aproval are we looking at?
One would be inclined to think simply a formality on the basis of;
-The Filipino DoE would have been fully aware of interested parties in the development of this regional asset for the last five years, of which this proposal has been 9 months in the pipe-line, plenty of time for prior preparations, so approval a formality, if not why not?
-current Filipino national domestic supply/demand critically needs to encourage short-term production/exploitation leading to future 'big-hit' exploration so many pressures exist on the department to expedite?
ie- national production @ 6,400bopd, (<10,000), projected production from Galoc development is 20,000bopd equalling >%300 iincrease in domestic product short-term.
-an international major in the region to be encouraged?
We have seen an extra million come on the buy depth in the last hour so obviously the market is aware of & encouraged by this development, we shall see what occurs over the next 'two weeks' but simply very very good progress!
: )
Warm regards & good luck ...
: )
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G'day Sandy.Many thanks for the link, well done. As far as I can...
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Last
65.5¢ |
Change
0.005(0.77%) |
Mkt cap ! $149.0M |
Open | High | Low | Value | Volume |
68.0¢ | 68.0¢ | 65.0¢ | $33.38K | 49.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1400 | 65.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.0¢ | 9764 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1400 | 0.655 |
1 | 4689 | 0.650 |
1 | 10000 | 0.645 |
4 | 33649 | 0.640 |
1 | 39370 | 0.635 |
Price($) | Vol. | No. |
---|---|---|
0.670 | 9764 | 1 |
0.680 | 19432 | 1 |
0.820 | 29695 | 2 |
0.825 | 39408 | 1 |
0.950 | 5000 | 1 |
Last trade - 15.32pm 10/07/2025 (20 minute delay) ? |
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