GGE 20.0% 0.2¢ grand gulf energy limited

potential cheap opportunities, page-14

  1. 1,723 Posts.
    Razor

    you and the rest of the GGE team are just so good.

    re. "Starting to sound like there is something else required
    to proceed past "drilling preparation" "

    I had missed that subtlety.

    From memory, MR JV has to complete 2 wells by about April 2014.

    Perhaps he/she (I'm almost always respectful of gender), wants to put it all off until the last minute (more speculation as to why); so its out of GGE hands anyway. (non operator etc).

    Rob, re buy out of GGP interests, I have no real views on this, but, consider that DL3 has also limited production life, possibly 3 years, but about 15b c ft of gas remains (so complex). If Desiree could be bought for $55/fb; I would say yes in a flash; A bargain IMHO.

    Whatever happens it will help to understand valuations and interests. eg Do Mr/Mrs JV (slowly learning PC) want a bigger helping? Now that would be worth knowing. Actually I think so.

 
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