now producing oil and gas, page-52

Hap, figuratively speaking GGE is an island. It has cash, producing wells and prospects ready for growth. This growth can be easily financed through free cash and can be quickly identified in the December 2014 quarterly. The whistle blew on this one when Desiree started producing, game is almost over and the broader market hasn't a clue. Mgt don't need news, drilling or even WK to continue banking $450k a month until the current wells run dry.

The new wells cost about $650k and have planned payback less than one year. One more producer and continued higher oil/gas prices and the numbers get exciting. One failure and it doesn't matter. Company could pay a $500k dividend tomorrow and it would make no difference to the June cash. Admin costs are lower than any of the rest and net income higher than almost all.

In my opinion the holders that understand the drivers of profit have already got their position and don't care about the share price. They understand the market and how it works and sit back confidently understanding the "Value" Therefore anyone watching the share price is not considering the whole market.

The best thing for us is Mgt do nothing and the market stays the same, oil price comes down and only then will the strength of the GGE position shine. Many bag this stock which is odd given how badly those around have performed and are unlikely to improve in the short term. Next qtr will be a train wreck for some of the overvalued favorites in my opinion and unless absolutely confident in our stock choices caution is the sentiment for me.

All opinion and DYOR but sleeping soundly.
Cheers