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33.3% 0.2¢ grand gulf energy limited

Interesting little oiler. Pretty much cash backed and Cash Flow...

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  1. skara
    2,847 Posts.
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    31/10/17
    13:15
    Post #: 28351335
    Interesting little oiler.

    Pretty much cash backed and Cash Flow Positive.

    So $2M in the bank and EV of maybe $200k?

    Looks like management have decided that an oil price stabalising above $50 a barrel is a good enough catalyst to get things moving a little.

    Two low risk drills now scheduled for the next few months and one scheduled for re-completion.

    Reckon she is gonna wake from her slumber real soon...

    .
    GGE Price at posting: 0.4¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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