GGE 20.0% 0.2¢ grand gulf energy limited

September Qtrly, page-15

  1. 1,398 Posts.
    AU02WA

    And that should mean that GGE could pick up some distressed assets at very good prices. The bell curve must be changing and it would be a good sign to see that GGE takes that sort of decision making onto its table. Pursing small W/I now with further development of the Dome is too risky IMHO unless they can squeeze a better W/I for lower costs. Hensarling was thought to be a no-brainer but still fell over. I would be investigating better jet-pumping/extraction in preference to further drilling and letting other leases know the door is open for better leases.

    T1
 
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