perhaps GBP is going to be the subject of a private equity bid?? hahaha - sorry - every time I read in the papers about p/e bids I piss myself laughing... if I were to believe the journo's, p/e is coming to buy every unloved stock in Australia!!
I think GBP got a bit of a kick up on the back of good news from FOGL... drilling success in Kenya would have been nice, but personally I still think the 14% holding of FOGL is the jewel in this crown!
with regards to Kenya, I think the permit extension was to July 2008, so you would imagine the J/V partners must be cooking up some plans for drill #2.
GBP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held