GGE 25.0% 0.3¢ grand gulf energy limited

Ann: Annual Financial Report 2014, page-19

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  1. 1,562 Posts.
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    52 Week Low 0.005
    52 Week High 0.017
    Current Price 0.010

    What do we get for $7.48m Market Cap?
    Profitable $3.7m EBITDA (2014 fy)
    Cash Flow positive (Do nothing and cash builds around $385k per month)
    4 Producing Wells (Gross Production revenue $7.5m in 2014)
    Proactive Investors recent valuation  0.023 pre West Klondike
    Net Assets $17.5m
    Debt Nil (other than trade creditors $175k)
    Proved (1P) Reserves 343 mbbl oil, 740 mmcf gas
    Top 20 with 60% of issued shares, last year 55%
    New Geophysicist on board in team "expecting to mature 3 further targets around NV over next 12mths. Could this be our guy? LinkedIn
    Planned Self Funded exploration

    Scoreboard would suggest mgt doing pretty good job in a difficult market which is effecting several good stocks.

    Source: 2014 Annual Accounts and June 2014 Quartely
    Cheers & GLTA
 
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