Emusan, this is not new news, these figures were out quite sometime ago. All they have released today is that they are now considered a producer and approached the government to produce. So I'm not sure what you expect from the share price in a few hours since the ann.
Yes it will now go up, but until a lot more is confirmed I wouldn't look at buying a new boat just yet. As they stated, this is now a 12 month journey to be fully productive.
Finding a farm out partner is the next key event and a priority so they can get set up and start testing the flow rates etc.
All good news and it should be all up side from here on.... With even more good news hopefully with M4 !
Well done to those who have stuck it out !!
GGX Price at posting:
2.4¢ Sentiment: LT Buy Disclosure: Held