The expected 0.010 close @ 04:10:00 PM the only sign of some one paying attention. The next Qtrly can only be a "Cut and paste" of the Last. This is Not good enough , GGE is standing on very slippery ground ATM.
Income and Cash in the bank should , for crying out loud, be put to work.
LOUISE From the June Qtrly 2013 posted 1Aug
"The Louise well is expected to be drilled in the September 2013 quarter and is targeting an estimated resource accumulation between 600,000 to 800,000 bbls of oil. This well is considered low risk both from drilling operations and geological and geophysical perspectives."
Today that sounds very much like B/S, there was no permit at that time.
Then From 28 Nov 2013 (INVESTOR PRESENTATION.) "Well is expected to be drilled in the 1st Quarter. NO.Try another Quarter.
Development
"The Company is presently assessing its ongoing development opportunities and will continue to keep shareholders appraised." B/S
Note No News for 48 Days and Unanswered Emails . That is keeping shareholders appraised ??????
The IP Future
"The Company will look to re-invest future cashflows in a wide range of projects with particular attention being paid to unconventional projects. o GGE’s project assessment team is highly experienced with many years of local knowledge and contacts enabling continuous flow-through of good quality opportunities. o In additional, the Company’s chairman, Mr Morgan, and our financiers provide GGE with access to review and acquire unconventional opportunities."
(Let's in on the secret 'cos that looks like B/S)
No doubt the faithful will defend the case as they have done so well before. And due credit to all.
Playing the Devils Advocate Card is the last resort as far as I am concerned , I consider the present situation that serious.
It's up to the Coy to level with the Shareholders and 'fess up WTF is holding up the parade.
CH$$RS R15
GGE Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
