oversold

What a selloff-unbelievable.

A very dissapointing result at kate, which had all of the characteristics of a great prospect.

The cold reality of any wildcat is that approx 1 in every 10 strike hydrocarbons, even in highly prospective regions with other producing wells nearby.

Insider action will always occur. From the first trades today it was obvious someone knew something. This was a sell signal.

The extent of the sell off is way overdone though as this well only cost approx 1 million to drill and GGX has a great portfolio and a great leader in Dennis Morton. Had Kate come in it would have been first division lotto for all.

Wireline logs due tommorrow which will conclusively reveal the outcome of this well.

I hope you are right yogi and there is some positive spotlight on GGX on the 15/16th.