1.4 cents key resistance, page-39

R15, I think "game on" was December last year when Desiree proved the Reserve. Overall market sentiment and negativity at the time and since has suppressed any positive sentiment toward GGE. The results are now clear in the quarterly but have always been obvious imo.

Going back on the announcement MF commented, “The Company is excited with the logs and potential value this will provide to shareholders."

He also told us "The Company advises that electric logs have confirmed net pay of 49ft in the Cris R III, in addition to the 31ft of sand in over 3 separate intervals in the Cris R II.

The well is presently running intermediate casing to protect logged pay prior to drilling ahead to test the Cris R IV and V. The net pay in the Cris R II & III are slightly higher than pre-drill expectations and net pay in the downdip producer well" 3rd December 2012.

My guess is: Desiree not only found the oil they were looking for but also identified "over 3 separate intervals in Cris R II, note in my opinion the units were in place for the other targets pre-drill but not the additional sands, Desiree also tested the Chris R IV (Target for Louise) and Cris V. Whether Louise can get all intervals or just targets one is a question of geology, economics and cashflow. We have cash so it doesn't really matter if its one or two imo.

If we want to benchmark value we can look at the mkt cap highs/lows of AKK,SSN and see what is possible in the right market. Both are good companies but not without their own challenge, compare the quarterlies and Mkt caps with ours and we can understand how the market values. Also TTE (Stk owned), TEX who are more aligned with GGE valuation imo and most likely to surprise mkt in 2014.
All Opinion, just my view of the world and happy to see any research suggesting I have overlooked anything.
GLTA - These stocks have risk so please DYOR
Cheers