GGE 0.00% 0.3¢ grand gulf energy limited

Ann: Boleslaw 1 well drilling update 1, page-10

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  1. 330 Posts.
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    Shame, it would have been good to have had a success there. Big licence so they might go again. Wasn't a massive hit to us funds wise, so we're still in pretty good shape.

    Happy enough though to see us concentrating on bringing in cash through our oil operations and hoping that Pleasant Home throws up a decent result, and helps our bank balance.

    Not sure how this will affect the share price, market cap $4.5m and close to half that in cash, plus I think still net cash generative, so ought not to have a big effect, after all its pretty damn low already. Maybe the company should set up an AIM listing those punters seem right into the oil and gas explorers.

    Any lets hope they can get somebody interested in getting Yellowfin going.
 
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