Ann: GGE Market Update, page-6

Matyd, I'm thinking they have sold off the hedging at $50 per barrel haven't they??

Oil price is creeping back up near $40 per barrel, so could be they are now earning the same money or better across all their oil volume. I wouldn't be surprised to see oil at $45 per barrel in a month.

Either way, share price is at 35% of company of company valuation therefore, I'm expecting a rather impressive increase in SP this week. I could be wrong but I see no reason for it not to hit 1.2c or better as going by figures it should be on a par with 1.5c roughly. The more oil stabilizes at a higher price, the more value should be placed on shares/company.