Ann: Bullseye Prospect Sale of 8% Working Interes, page-19

re: Ann: Bullseye Prospect Sale of 8% Working... "This raising seems odd to me too"
Goodie3shoes, I am a little puzzled as to whether you have followed many oil exploration companies before or for very long....or junior mining companies for that matter.

Most junior oil exploreres or mining explorers have to continually return cap in hand to their shareholders or find ways of raising funds to continue their "quest" for the big gusher or the el dorado.

Until they have that "company maker" they remain constantly fragile and vulnerable as the expense of drilling and testing for that prize is very heavy on capital funds.

If they have no real cashflow and just money being expended then it is obvious that their initial capital raisings will run out sooner or later and they will need to request more funds from some source.

GGP is in the unfortunate position that though it does have some cashflow from J#1 it will not cover its requirements at present on J#2 because the current oil price has dropped so much compared to prior the discovery at J #1.

One of the little annoyances in this business I guess.