now producing oil and gas, page-11

Au, just an observation to pass time while we wait for news.

The most useful use of my time atm is to review the quarterly reports of our peers closely. Using GGE no's as the benchmark and based on Dec results/mkt cap we can all form a view on where we sit.

Market is not watching this one and values drilling activity over fundamentals, that is fine and each company has its +/-. Imo our news will come eventually but we don't need news as each month our cash is building. The challenge imo is most drills are delayed or dusters and many companies do not have positive cashflow but high fixed costs which puts pressure on asset sales/farmouts or CR. Fortunately in this market and with poor sentiment for O&G this is not a problem I believe we are facing.

Interested in others thoughts, there are more people viewing than usual which can't be all bad and even a cameo appearance on the SSN thread worth reading.

All opinion only
GLTA