GGE 0.00% 0.3¢ grand gulf energy limited

Ann: GGE to participate in 500,000bo Bayou La Rompe Prospect, page-2

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  1. 2,847 Posts.
    lightbulb Created with Sketch. 18
    Interesting little oiler.

    Pretty much cash backed and Cash Flow Positive.

    So $2M in the bank and EV of maybe $200k?

    Looks like management have decided that an oil price stabalising above $50 a barrel is a good enough catalyst to get things moving a little.

    Two low risk drills now scheduled for the next few months and one scheduled for re-completion.

    Reckon she is gonna wake from her slumber real soon...

    .
 
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