Net profit for 2013/2014 is expected to be circa $3.5 million before tax. The Company has not raised any equity over the last 3 years and has nil debt. Drilling and development of up to 3 wells will proceed over the coming 12 months without a need for a fresh capital raising. Has Grand Gulf Energy slipped under investor radars?
News: Grand Gulf Energy to earn $3.5M profit as oil output soars
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