Ann: Extension to 2020 for Service Contract 44 in Cebu, page-6

Good luck all.... This is very promising news and a short move of the rig to the right place will bring results. As darkness said, we know there is oil there, just a matter of relocating the rig and deepening the hole. As GGX have said before, once they hit the oil, it is a very short time frame to put the well into production. The fact we have some cash on hand now, eliminates the need to wait for a farmin partner for this first phase. (Production costs may see us bring in a partner to share the load).

This wont rocket overnight, but as each step is complete, should see some appreciation in the SP. Once others see the movement, I'm sure it will attract more attention. I'm hoping to see results by year end, with production possible first half of next year IMO of course......

I was actually in Cebu last week, ran out of time, but was hoping to get to site for a look......  Maybe next time I can get there and have a nice glass of SAE 15W40 

GLA....