GGX 0.00% 0.1¢ gas2grid limited

Out of curiosity

  1. 1,406 Posts.
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    A question without notice to our long term holders.......... Who would participate in funding if we were to go for it and deepen the hole at M1 and drill a new one at M5?

    "The Company, subject to availability of funding, would like to drill a new well to test the known oil bearing reservoirs in a crestal location on the anticline. Due to structural uplift all known sandstone reservoirs would be intercepted at a significantly shallower depth on the crest of the anticline, relative to Malolos-1."

    Considering at $0.003, $250K would mean another 83m shares, or $500K @ 166m shares........

    To be honest, they know the oil is there, its just unfortunate the price per barrel is so damn low.......

    Just asking out of curiosity
 
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