oil,gas and pressure, page-22

Let's just say well within top 20.The poor gas results were
the trigger for me as ,on my investigations, this was the
main target and business plan to provide power from gas if
successful at Malalos and any other primary target interests.If GGX can prove economic oil deposit..well
then good..but estimates of around 200 bls per day so far may not be sufficient without a partner.In addition this is considerably below other initial flow rates from historical on shore wells on Cebu.I would suggest that,on a go it alone basis, consistent flow rates of around 500-700bls /day may be needed..to cover costs etc.Who knows..Once again, this is only my opinion and judgement.


Cheers