30 days until Kate is drilled. Likely presentations before end...

30 days until Kate is drilled.
Likely presentations before end of month in NZ.
55% of possible 200million barrels= 110million barrels GGX.
Approx 35% recovery gives 70mmbls
70x 0.55= 38.5 mmbls GGX share
38.5 mmbls x NPV value of approx $A15/barrel=$AU 577.5m
Based on 110 million shares = $AU 5.25 per share

Closing today 0.076 cents...............$AU 5.25 (50++bagger)

No wonder there is no one selling.
30 days til spud-will the SP be 0.076 cents on spud of KATE-1? I dont think so.

Japex results on TANON STRAIGHT adjoining permit in Phillipines due shortly.
Award of French Aquitaine licence expected very very soon.

Likely to be a highly interesting month for GGX IMHO....